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GM Aims to Cut Chevy Volt Cost by $10,000
General Motors Co. says it hopes reduce the cost of building its Chevrolet Volt extended-range hybrid by $7,000-$10,000 per vehicle.
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General Motors Co. says it hopes reduce the cost of building its Chevrolet Volt extended-range hybrid by $7,000-$10,000 per vehicle.
The Volt retails for $39,100, and GM currently loses money on each one it sells, according to Bloomberg News.
CEO Dan Akerson tells the news service the next-generation and presumably less expensive Volt will debut in 2015 or 2016. "We've got to take cost out of it," he declares.
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