“The Lid”: Report: GM LOSES $49k On Every Volt it Builds

The next bailout / corrupted bankruptcy may be sooner than if the “new” GM were only saddled with its unpayable pension and retiree healthcare obligations.

Proving once again what happens when the government tries to pick winners in the marketplace, a new report shows that General Motors loses $49,000 on each Chevy Volt it manufactures. The reports were base on estimates given to Reuters by industry analysts and manufacturing experts.

Those numbers may be on the conservative side because there are leasing deals offered this summer where customers are paying a little over $5K for a two year lease on the Volt which costs as much as $89K to build.

via “The Lid”: Report: GM LOSES $49k On Every Volt it Builds.

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