General Motors Losing $49,000 on Every Chevy Volt Built

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.

Register to read more...

Additional information

Copyright © 2024 Habledash, Inc. All Rights Reserved.
Habledash. Unabashed Politics. No Apologies.