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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 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.


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