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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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RE: Bailout Mentality
By theapparition on 5/3/2013 12:37:52 PM , Rating: 0
Don't bust his bubble. It takes a lot of effort to only present the facts that support your argument.

In gas only situations, certainly the Prius is the better option for fuel economy.

But if you want a MUCH better car, and one that has the potential for zero gas usage, then the Volt is the better alternative. It does cost more, and would take a long while to earn the cost difference back, but a 25mpg Mercedes also costs more than a 25mpg Honda. Guess which one most people would pick if they had the choice.


RE: Bailout Mentality
By Dr of crap on 5/3/2013 12:53:21 PM , Rating: 1
THE HONDA!
AND yes the Volt will go all of 35 miles on a charge. Yahooo, 35 MILES, THEN it uses gas.

IF YOU live in the city, you probably don't need a $40,000 Volt anyway!


RE: Bailout Mentality
By Cheesew1z69 on 5/3/2013 12:56:36 PM , Rating: 2
Honda for me as well. I miss my 05 SI Hatch :(


RE: Bailout Mentality
By BRB29 on 5/3/2013 1:20:47 PM , Rating: 1
I live in the city and I wish I have a Volt. Both prius and volt are great city cars as idling won't use up gas. I save a lot of money as my ICE car right now average 15mpg because I shit in traffic all day.

The Prius blows balls on the highway while the Volt cruises much better.


RE: Bailout Mentality
By 91TTZ on 5/3/2013 2:09:00 PM , Rating: 2
quote:
I live in the city and I wish I have a Volt.


Why don't you buy a Volt, then?

I suspect the main reason is the same reason that I and most other people don't buy them- they're too expensive for what you get.

Sure, the Volt looks like a very nice car. I'd like to have one, too. But they're almost $40,000. Even if someone gave me $40,000, there would be more practical uses for the money. I could buy a less expensive car and use the extra money to pay down my mortgage.

My main point of contention isn't the quality of the Volt, it's the practicality of the Volt when you consider the price. The Volt would be an awesome $25k car. It's a lackluster $39,145 car.

It's the same problem that plagues the Mazda 2. I've driven one and it's a great little car. But they priced it almost the same as the Mazda 3. Hardly anyone would buy an awesome "budget" car like the Mazda 2 when it's priced the same as a higher end car like the Mazda 3. It's a sales failure and I wouldn't be surprised if it was discontinued.


RE: Bailout Mentality
By Mint on 5/3/2013 5:11:57 PM , Rating: 2
Price will come down, as evidenced by this article.

Plug-in hybrids are basically hybrids with a larger battery and a charger. The C-Max Energy is only a few grand more than the equivalently equipped C-Max SEL Hybrid. You can make up the cost difference in a few years.

However, it clear that in these early stages some manufacturers want higher margins on plugins, e.g. the Fusion Energi. It has the same powertrain as the C-Max, but the price premium for the plugin is way higher.

This'll go away with more competition, once again highlighting the importance of getting the ball rolling.


RE: Bailout Mentality
By 91TTZ on 5/3/2013 1:54:15 PM , Rating: 2
quote:
Don't bust his bubble. It takes a lot of effort to only present the facts that support your argument.


I was clear in the context of my post. The other poster had to go out of their way to pick it apart. They made huge leaps in logic to do so, including completely disregarding key words in my post. It was really just poor reading comprehension and reasoning ability.

quote:
It does cost more, and would take a long while to earn the cost difference back,


Which is a huge problem when your main selling point is its efficiency.

quote:
but a 25mpg Mercedes also costs more than a 25mpg Honda. Guess which one most people would pick if they had the choice.


I would pick the Honda. Until automakers start giving away cars for free, price is going to be a huge factor in a purchase. You get a lot for your money with a Honda. The build quality is excellent, they're comfortable, they're reliable, and they're priced right.


"If you can find a PS3 anywhere in North America that's been on shelves for more than five minutes, I'll give you 1,200 bucks for it." -- SCEA President Jack Tretton

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