02-17-2014, 01:14 AM
macphanatic wrote:
Note that this is the car from a company that manufactures the Volt at a cost of roughly $89,000 and sells it for $40,000. No wonder the Fed lost money on their bailout.
http://www.forbes.com/sites/boblutz/2012...olt-costs/
The statement that GM “loses” over $40K per Volt is preposterous. What the “analyst” in whom poor Ben Klayman placed his faith has done is to divide the total development cost and plant investment by the number of Volts produced thus far. That’s like saying that a real estate company that puts up a $10 million building and has rental income of one million the first year is “losing” 9 million dollars, or several hundred thousand per renter.