Kevin Bullis

A View from Kevin Bullis

Report Says GM Loses $49,000 on Every Chevrolet Volt

The automaker challenges the claim.

  • September 10, 2012

A report from Reuters estimates that GM loses $49,000 on every Volt it sells. The estimates, which are based on figures from industry analysts, include the cost of developing the Volt. They’ve been widely cited by other media outlets online, although GM says the number is “grossly wrong.”

GM said in a press release that the development costs should be spread out, not just over the Volts sold so far, but also over the Volts that will be sold in the future as well as other vehicles, including later generations of the Volt, that will depend on the technology developed for the Volt. The automaker did not offer an alternative figure for its losses on each Volt sold, however. 

According to the Reuters article, GM’s VP of global product programs, Doug Parks, confirms that GM is not making money on the Volt, but says that it “eventually will make money.”

Uh oh–you've read all five of your free articles for this month.

Insider Online Only

$19.95/yr US PRICE

Energy

Can we transform how we power and feed the world in time to head off climate change?

You've read of free articles this month.