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Next-generation Volt could cost as much as $10,000 less to produce

In the world of electric and plug-in hybrid vehicles, the Chevrolet Volt has been the most high-profile entry aimed at consumers. However, the biggest problem for GM when it comes to the current Volt is that the vehicle isn't profitable.

"This car, on a technology scale, is off the charts vs. what you [have] seen," said GM CEO Dan Akerson, who owns one personally. "We've sold about 26,500 of them [and] we're losing money on every one."

Akerson says that the loss GM takes on every Volt that it sales will soon come to an end. The automaker has significant improvement planned for the second-generation vehicle, including making it lighter. Less weight means that the electric driving range can be made extended without adding larger battery packs -- the battery pack on the current generation Volt battery weighs 400 pounds alone.

According to Akerson, GM believes that the cost to build the Volt can be reduced in the range of $7,000 to $10,000 on the second-generation model. That doesn't necessarily mean buyers will see a discount, but it will mean GM doesn't take a loss on each vehicle it sells.

The current Volt has proven to be a hit with owners, as many are claiming they can go as far as 900 miles between fill ups.

Source: Fortune

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By jimbojimbo on 5/3/2013 11:34:47 AM , Rating: -1
many are claiming they can go as far as 900 miles between fill ups
It's good to know that people think electricity is free and not worth mentioning in the very least.

RE: Electricity?
By Florinator on 5/3/2013 12:19:07 PM , Rating: 5
I don't see how the sentence you quoted implies that anything is free...

RE: Electricity?
By hpglow on 5/3/2013 12:58:54 PM , Rating: 2
No one thinks their utilities are free or free from emissions. These cars are just convienant for people that have a short commute to work. I don't think anyone here is going to say "boy I love filling my gas tank." My wife's round trip to work is about 10 miles so it could make it to work and back without needing to use fuel. Running the heat or AC would cut into that figure but it would still go way farther between fill-ups than her current vehicle a Jeep liberty. Then there is the fact that the electricity used to charge a Volt would be cheaper per mile than gas. At least in my city.

RE: Electricity?
By Flunk on 5/3/2013 1:30:45 PM , Rating: 2
You do have a point, by that logic the Nissan Leaf always goes forever between fill-ups.

While electricity is cheaper than gas, it's not free.

RE: Electricity?
By ewhite06 on 5/6/2013 3:44:10 PM , Rating: 1
Some electricity could be free... That big roof on top could be put to use. Solar panels. Can't you get roof panels on a Prius? Why not on a Volt? I know its not going to get a huge charge but its better than nothing. Especially for a car sitting outside in a parking lot all day at work (check local listings). Maybe you squeak out a couple extra miles on electric power, maybe you pull enough juice to charge your phone - but its something. Heat issues? Safety concerns? Weight? What is the big reason against this?

"If you look at the last five years, if you look at what major innovations have occurred in computing technology, every single one of them came from AMD. Not a single innovation came from Intel." -- AMD CEO Hector Ruiz in 2007
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