By on January 19, 2010

Busted! (courtesy:indiatimes.com)

In case you were wondering, Ed Whitacre’s assessment that the Volt will “make a margin” at a price point “in the low 30s” is the GM Chairman/CEO’s second big lie in as many weeks. Well, lie might be a bit harsh. Gross and willful misrepresentation is probably more accurate. GreenCarReports‘ John Voelcker got in touch with a GM spokesman who confirms what we all pretty much knew from the get go: GM “has not officially announced final Volt pricing, a price in the low 30’s after a $7,500 tax credit is in the range of possibilities.” In other words, we’re back to the same old $40k-ish number that GM execs have been throwing around for ages. Unless GM is talking about the electric-only (non-range-extended) Volt that Bob Lutz recently confirmed. But what about the margin thing?

(Read More…)

Recent Comments

  • backtees: Can’t wait for these to be 2 years out and be a heck of a buy. Had a 2000 lasabre that was the...
  • Dave M.: My brother in law just got $6500 off msrp on a loaded ’17 Avalon. Buick can’t touch that on a...
  • karonetwentyc: Two years to delivery was positively fast for Morgan at that time, but I can absolutely believe it. We...
  • sgeffe: Hmm..wonder if Honda’s already planning some sort of emergency cleanup, 2013 Civic-style, on the...
  • karonetwentyc: Perhaps McLaren could make the trip from Woking to Malvern Link and discuss their theories regarding...

New Car Research

Get a Free Dealer Quote

Staff