General Motors had a record number of Chevrolet Volt sedans go out the door in August, but that probably doesn’t have the automaker as excited. Why? Well, GM is losing as much as $49,000 on each Volt it builds, according to data provided to Reuters by industry analysts and production experts.
Read our review on the Chevrolet Volt.
GM has dropped pricing on lease offers for the Volt meaning customers that have been running into buy the Volt have pushed that loss even higher. Some owners of the Volt are paying just $5,050 to drive around for 2-years in a vehicle that cost as much as $89,000 to build.
Check out more news on the Chevrolet Volt.
Even though the loss per unit is expected to eventually start shrinking as more units are produced – that ‘eventually’ is still years away.
– By: Omar Rana