By Bernie Woodall and Paul Lienert and Ben Klayman
Mon Sep 10, 2012 12:24am EDT
(Reuters) - General Motors Co sold a
record number of Chevrolet Volt sedans in August — but that probably isn't a
good thing for the automaker's bottom line.
Nearly two years after the introduction of the path-breaking plug-in hybrid,
GM is still losing as much as $49,000 on each Volt it builds, according to
estimates provided to Reuters by industry analysts and manufacturing
Cheap Volt lease offers meant to drive more customers to Chevy showrooms this
summer may have pushed that loss even higher. There are some Americans paying
just $5,050 to drive around for two years in a vehicle that cost as much as
$89,000 to produce.
And while the loss per vehicle will shrink as more are built and sold, GM is
still years away from making money on the Volt, which will soon face new
competitors from Ford, Honda and others.