Profitability of the Chevrolet Volt
|Topics: Chevrolet Volt
September 10, 2012
Republitards, before you go dog GM about the Volt.
Volkswagen AG take a loss of $2.3+ million on each Bugattii Veyron sold. ;) Toyota used to take hits on each Prius sold for quite awhile. GM announced back in 2008 that the Volt will lose money!!! This is not news at all. This is how developing new technology, especially hybrid technology works. The initial investment cost is exorbitant, but the investment in developing new technology is worth it. Over the years, Toyota managed to overcome production expenses and to reduce the cost of Prius to below the window-sticker price. This is a completely new vehicle for GM and once they adapt the technology to the rest of the fleet they'll be able to spread out the burden of the initial research and development cost across the fleet, so the burden is not just on the Volt, just like every other company has done. Now if they fail to do that and fail to at least break even and start making some profit, by the 3rd, or hell 2nd generation of the Volt then you can start complaining.
This has been one of many off topic public announcement by SA. Deal with it. ;D
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