Quote:
Originally Posted by Undertoad
They will sell you a Bolt for like $38K, with a range of 238 miles per charge.
|
Due to massive overhead, GM cannot make a profit if they do not sell 50,000 annually. The Corvette has always been a problem due to so few sales.
I was surprised to learn that Bolt can only be sold by a few dealers. At 20,000, it does not and cannot make a profit. Volts sales were also as pathetic.
Because their cars are designed by engineers, for example, Mazda made a profit on the Miyata in its first year at 17,000. Due to the 'economy of scale' myth, GM can never make a profit on sales that tiny. Meaning the Volt and Bolt remain unprofitable.
Ironically the Chevy Cruz. that sells just under 200,000 annually, is also being canceled as unprofitable. Another trophy for The Donald showcase.