General Motors wants to cut as much as $10,000 per car from the Volt’s production costs in order to make the next generation of the plug-in hybrid affordable and profitable.
The Detroit carmaker currently loses money on every Chevrolet Volt it sells, despite the fact that the cheapest model retails for $31,645 after a federal tax credit of $7,500. “Every new technology takes a while to get traction, you’ve got to work out all of the associated issues,” GM CEO Dan Akerson told Bloomberg News in an interview.
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