CONTINUING TO MAKE PRODUCTS THAT HAVE VERY LITTLE DEMAND!
Reuters reports that GM is losing $49,000 for every Volt it builds, renewing criticism that the eco-friendly hybrid will never be profitable.
“General Motors sold a record number of Chevrolet Volt sedans in August,” say Bernie Woodall, Paul Lienert, and Ben Klayman atReuters. “But that probably isn’t a good thing for the automaker’s bottom line.” Even though the environmentally friendly Volt’s base price is about $40,000, says Reuters, production costs per vehicle run a stratospheric $89,000 — given the car’s pricey lithium-polymer batteries, hybrid gas-electric engine, and next-age electronics.
SOURCE: http://theweek.com