Sticker Shock for Government Motors: The Chevy Volt

Written by Gary North on September 11, 2012

General Motors, the bankrupt firm that was resurrected from the dead by the Obama Administration, is proving to be a vampire. Its Volt automobile costs $88,000 to make. It sells for under $40,000. That’s a loss of $48,000 per vehicle. How does the firm expect to make a profit? Volume! These numbers are disputed by […]

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