GM Denies It’s Losing $49,000 on Every Volt Sold

In a recent report detailing the failings of General Motors, it was reported that the automaker was allegedly losing $49,000 on every Chevrolet Volt sold. GM has now issued a statement refuting those claims.

Originally reported by Reuters, GM released a rebuttal to the claim simply stating that the “estimate of the current loss per unit for each Volt is grossly wrong part because the reporters allocated product development costs across the number of Volts sold instead of allocating across the lifetime volume of the program, which is how business operates.”

Of course, GM went on to explain how all the costs into the Volt’s battery cells, packs, controls, electric motors, and more also benefit multiple current and future products. Therefore, its cost can’t be single-handedly attributed to the Volt model, but rather will lead to more profits for future models.

As expected, GM stands by its product and the process that it took to release the Volt, even if it takes them longer to become profitable with it.