General Motors Losing $49,000 on Every Chevy Volt Built
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- Created on Tuesday, 11 September 2012 08:11
- Written by Cliff Levine
There's been no denying the fact that the Chevy Volt is an amazing technological feat that's come with a massive cost to taxpayers. Last month, General Motors (GM) announced the idling of a Volt plant due to slow demand, despite August being the vehicle's best sales month. The bigger issue is non-existent consumer demand, which is present at many automakers that sell gas-electric hybrids, outside of Toyota. The problem for GM is that each Volt produced generates a loss of $49,000.