Print 92 comment(s) - last by Mint.. on May 7 at 9:42 AM

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

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

RE: Bailout Mentality
By RU482 on 5/3/2013 11:36:30 AM , Rating: 2
do ANY cars NOT lock the doors at some point after putting it in gear?

RE: Bailout Mentality
By Spuke on 5/3/2013 11:43:10 AM , Rating: 2
do ANY cars NOT lock the doors at some point after putting it in gear?
Even my wife's Bimmer auto locks the doors.

RE: Bailout Mentality
By zephyrprime on 5/3/2013 12:04:41 PM , Rating: 2
Pretty sure most all new cars do that.

RE: Bailout Mentality
By Samus on 5/3/2013 10:35:35 PM , Rating: 2
This can usually be disabled.

In some Ford's, turn the key three times on/off leaving in the on position and you will hear a ding ding ding, press the brake pedal twice then turn the key to off position. To change back to locking doors, do the same sequence but press the brakes once.

In other Fords its as simple as holding both the remote keyfob lock/unlock buttons for 5 seconds while the vehicle is in motion. The doors will unlock then relock indicating they will lock upon driving greater than 12mph. Do the sequence again and the doors will unlock, lock, then unlock to disable the motion auto-lock feature...


RE: Bailout Mentality
By marvdmartian on 5/6/2013 8:42:28 AM , Rating: 2
Geez, that's more complicated than using the ruby red slippers to get back to Kansas! ;)

RE: Bailout Mentality
By bradhall on 5/6/2013 10:41:06 AM , Rating: 2
What happened to up, up, down, down, left, right, left, right, b, a, b, a, (select for two players), start!

RE: Bailout Mentality
By Midnight Rambler on 5/5/2013 11:05:05 PM , Rating: 2
There's a very good reason that cars now have this feature. It is for safety. Specifically, doors are waaay less prone to open (by a strength factor of almost 4to1) in a crash/impact when the door latch is in the "secondary" latching position. And when the door latch is "locked" it helps to keep the latch in the "secondary" latched position. Furthermore, most passive restraint seat belt systems, as well as air bag systems, "monitor" via sensor the position of the door latch's "fork bolt" (this is the part of the latch that engages the car body's striker bolt, keeping it shut). In some cases, if the latch is not fully latched (ie. in the secondary position) and locked, the belts and/or the bags may not work properly, or at all.

I was one of the product design engineers for the "mini wedge" and the follow-up "global" door latches for GM. These latches are also found on many other vehicles from Toyota, Subaru, Isuzu, etc.

"People Don't Respect Confidentiality in This Industry" -- Sony Computer Entertainment of America President and CEO Jack Tretton
Related Articles

Most Popular ArticlesSmartphone Screen Protectors – What To Look For
September 21, 2016, 9:33 AM
UN Meeting to Tackle Antimicrobial Resistance
September 21, 2016, 9:52 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM
5 Cases for iPhone 7 and 7 iPhone Plus
September 18, 2016, 10:08 AM
Update: Problem-Free Galaxy Note7s CPSC Approved
September 22, 2016, 5:30 AM

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki