From The Truth About Cars: "Your tax dollars at work: GM loses its shirts on every Volt"
GM loses around $49,000 on each Volt it builds says Reuters. GM sold a record 2,831 Volts in August, but that 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,” says Reuters after a deep data dive into the elusive profitability of GM’s green halo car.With tax credits, the Chevy Volt costs around $32K and GM loses $49K. Remember when the White House was criticizing Romney's time with Bain by saying government is not about making a profit? They weren't kidding.
Extra - The Corner: "The Democrats' GM fiction."
More - Gateway Pundit: "Obama makes lying about Ohio auto jobs a campaign staple."