VizualBusiness: GM Refutes Reuters’ Claim That Each Volt Costs $89,000 to Build, Though it’s Still Losing Money

Wednesday, September 12, 2012

GM Refutes Reuters’ Claim That Each Volt Costs $89,000 to Build, Though it’s Still Losing Money

GM Refutes Reuters’ Claim That Each Volt Costs $89,000 to Build, Though it’s Still Losing Money:

Despite a rather high US$39,995 sticker price for the base edition of the Volt, Chevrolet’s range-extended hybrid has sold a record 2,831 units in August. So all is well for GM?
In the case of the Volt, the answer is a bit complicated since it’s not your run-of-the-mill gasoline- or diesel-powered car. It’s a problem shared by every hybrid and all-electric vehicle manufacturer: the development costs, the tooling, the battery packs and the powertrain, when added up, simply make for a very high price.
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