Bloomberg seems to have somehow gotten a bit of a scoop concerning GM's plug-in hybrid electric car the Volt. They say that "people with knowledge of GM's plans" have said that 60,000 Volts may be produced in the car's first year.
Frankly, it sounds insane. It would mean that GM will be required to sell the Volt at a profit, whereas Toyota sold the Prius at a loss for years. And it would mean that GM is counting on an unprecedented demand for the vehicle. But, as some people at GM have indicated to me, they hope that the car will be a money-maker for them below $30,000. If this is the case and Americans can see the logic of the e-Flex platform, then we can almost certainly expect a serious change in the automotive landscape.
If this is true, GM is more than comitted to the Volt. In fact, it seems as if they're relying on it as their last chance to regain its crown.
Via Bloomberg and ABG
written by Shane, August 25, 2007
written by Paul, August 28, 2007
written by FX Trading System, October 30, 2007
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