Too Big to Succeed

10 Sep

General Motors is taking a $49,000 bath on each Chevy Volt it sells, according to a report.

Citing data provided by consulting firm Munro & Associates, Reuters estimates that each one of the ballyhooed pug-in hybrid vehicles is currently costing upward of $89,000 to produce. With a sticker price of just less than $40,000, that makes for a sticker price disaster.

I discussed this in an earlier post.  Now, this has gotten far worse that we ever dreamed.  When is enough, enough?  GM needs to go away.

I want my damned money back!

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Posted by on September 10, 2012 in Uncategorized


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