Back in November 2010, Obama's Car-Czar, Steven Rattner, wrote this in his book titled Overhaul:
"At least in the early years, each Volt would cost around $40,000 to manufacture (development costs not included).”
With that in mind, it was a little surprising that the initial Volt MSRP was set at $41,000. Normally, a car that costs $40,000 would have a price tag set at the mid-to-high $40's. Even more surprising was the fact that GM, several months later, lowered the price below the psychologically-impacting $40,000 level.
While the dealers are able to make a profit on each Volt they sell, GM, itself, is selling it at about a $4,000 loss. That's just not a good business decision. Instead, it's a political decision. This is what happens when a liberal politician, like Obama, gets his hands on private enterprise. And, I don't care if the enterprise is Solyndra or health care system.
Report: Each Volt Costs $40,000 To Build: http://gm-volt.com/2010/11/26/report-each-volt-costs-40000-to-build/
GM Confirms, Yes, We're Losing Money on Every Volt We Build: http://www.greencarreports.com/news/1052107_gm-confirms-yes-were-losing-money-on-every-volt-we-build