GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com
Tony Karrer Delicious EVdriven
APRIL 16, 2009
"On some products, the costs, particularly in advanced technologies, are high," he said in a lengthy interview with Automotive News (free subscription required). Yes GM will lose $ on the Volt, just like the first Insights or Priuss, but unlike Toyota or Honda, they just cant afford to wait for it to catch on and become profitable.
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