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Archive for April 7th, 2009

The Volt won’t “pay the rent”

Tuesday, April 7th, 2009

The word from GM (i.e. Government Motors) is that all the car models need to “pay the rent.” It can’t sell at a profit, it’s gone. Hell, even some of the models that sell at a profit are going.

The interesting exception, the Chevy Volt. Officials at GM admit that the Volt probably won’t be putting red ink on the books for the first couple of model years.

I’ve written about the Volt before. It has some interesting technology, but given Chevy’s financial situation, should it be making exceptions to the “pay the rent” rule?