Bob Lutz: "Chevrolet Volt will cost 40.000 dollars and will lose money"

Posted: Monday 23 June 2008 by Alison

Chevrolet Volt

One step at a time, even a chimera like the Chevrolet Volt is moving towards production, although slowly. Bob Lutz, for his part, continues to release information on the eletric from GM.

This time it’s the price that’s been revealed. According to the Detroit boss it will about 40,000 dollars, which is around 10,000 more than previously quoted. Future (patient) customers however, can count on such an ecological vehicle being a big incentive for the state (we’re talking about 7,000 dollars of contribution).

Despite the re-positioning on the sales list, Lutz says that the Volt won’t generate profits for GM, though this isn’t curbing developments on the project. As Lutz says, by 2025, “more than 25 percent of cars will be electric or hydrogen powered”, confirming some recent Dutch research on the theme. First in, best dressed, costs notwithstanding.

Via | Autoblog.com

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