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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 Spuke on 5/3/2013 6:41:41 PM , Rating: 2
I think the main reason it failed was because they made drastic UI changes that didn't benefit the customer but rather were tradeoffs meant to push customers towards Microsoft's mobile device initiative.
I disagree. I think it's much simpler than that. Win7 hasn't even taken completely over the market but MS wants everyone to dump that and go to 8? Nah, I'm not even running 8 at home and I bought it last year. 7 works just fine and I'm positive the average user (and average business) feels the same way. The only people I hear whining about the UI are geeky types. Not one regular person or business has complained to me about it (yes anecdotal but so are the complaints about the UI). IMO, 7 won't get replaced by the average person until after "Blue" IMO when their computers get old and they're ready for an upgrade. And by then I expect people to be buying Win9/10/whatever on tablets.

RE: Bailout Mentality
By 91TTZ on 5/3/2013 9:42:56 PM , Rating: 2
You can't deny that the Metro interface has been a flop. Nobody seems to want anything with Metro on it. Businesses don't want it and consumers don't want it. Sales of Windows 8 have fallen far short of projections. Windows phone isn't gaining much traction. Surface isn't selling well either.

Microsoft has to be scared for their future right now. They made a huge investment to get behind this massive push into mobile and it's fallen flat on all fronts.

A couple months ago I was arguing with many people who denied that Windows 8 was flopping. Now those people have vanished. It's a foregone conclusion by this point.

"Well, there may be a reason why they call them 'Mac' trucks! Windows machines will not be trucks." -- Microsoft CEO Steve Ballmer
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