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General Motors reportedly loses almost $50,000 on every Volt sold

by
A General Motors Co Chevrolet Volt is seen during a news conference at GM's Warren Technical Center in Warren
A General Motors Co Chevrolet Volt is seen during a news conference at GM's Warren Technical Center in Warren

DETROIT (WKZO) -- General Motors is reportedly paying a big price for every Volt it sells.

Estimates from Reuters suggest GM is losing as much as 49-thousand dollars for each of the plug-in hybrids.  Aggressive lease offers for the car might mean the automaker is paying even more for each sale.

The cost of development is also a factor, as General Motors has invested more than a billion dollars in the cars.  The Volt has a list price of around 40-thousand dollars, and sales have not reached GM's early projections.

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