Reuters‘ article earlier this week created quite a buzz when it suggested that General Motors was losing $49,000 on every ChevyVolt sold. While many continue to debate just how much money GM loses on the politically-motivated car, a more important story on the Volt was reported by Automotive.com last week which explained the increase in August sales
numbers for the vehicle.
The piece exposes how GM (along with taxpayers) is heavily subsidizing leases and even gets an embarrassing admission from GM on the struggling Volt that, “The whole idea is we’re creating a market.” And this blockbuster, “There is no plug-in market.”
The quotes came from…………