Here's a math problem for you:
Overall cost to manufacture a Chevy Volt: $70,000
Retail Price on a Chevy Volt---------------: $40,000
Current cost with new discount------------: $30,000
AMOUNT LOSS ON EACH CAR-------: $40,000
Number of Chevy Volts sold in August '12: 2,800
Loss to General Motors based on the above: $112,000,000
The math question is as follows:
What kind of troglodytical moron runs a company in which the sale of each product results in a loss of more than half of the total manufacturing cost and considers a loss of $112,000,000 in one month a good sign?
General Motors still owes the US Taxpayer $42 Billion. Kiss it goodbye. It's never going to be repaid if this is how they continue to do business.
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