GM Expects Next-Generation Volt to Be Profitable, Cost $10,000 Less to Build
May 3, 2013 9:04 AM
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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
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RE: Bailout Mentality
5/3/2013 11:52:56 AM
So the volt is better than the Prius just because it has more available torque? Yes the Prius is underpowered but this one positive the Volt has over the Prius doesn't make the volt a better car.
I will not be considered a hybrid for another 10+ years because the technology, actual fuel savings, and cost just aren't there yet I'm saving more $ driving a 4 banger. That and both these cars are ugly as all hell!
RE: Bailout Mentality
5/3/2013 1:03:05 PM
Better driveability does make for a better overall driving experience IMO. My Solstice ultimately is quicker, better handling, and has better brakes than my wife's Bimmer but her cars a much better driver than mine. Steering is better, brake FEEL is nicer, and steering is quicker/sharper. All that says better car to me.
RE: Bailout Mentality
5/3/2013 2:28:20 PM
it really depends on what you consider to be "better" for some people the way a car drives has nothing to do with what makes a better car some people prefer interior comfort to anything to do with the engine etc. "All that says better car to me." yes all that would make for a better car but we weren't talking about all that we were talking about just torque, for me if a car only had better toque over another I wouldn't say that it's the better car.
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