Quick Facts from Infinite Garage about the Reuters article.
-Reuters says that it costs GM $89,000 to build each Volt
-Reuters then says later in the article that it actually only costs 20-32k to make each Volt. The $89,000 figure includes all research and development costs of the Volt
-Reuters incorrectly says the Volt plant is closing due to weak sales. This is a lie, the Volt plant is closing for retooling because of the 2014 Impala, and GM states it has no intention of stopping Volt production, which is going quite well.

Full article from Infinite Garage about the actual cost of the Volt and the lies of the Reuters article.

The media in this country sucks. It’s just a fact. It’s a small reason why I started IG because you can not get truth any more and the media only focuses on sensationalism and politically motivated content.

For the last week I’ve sat and listened to a certain radio and TV station blast GM, the govt, and unions over the Chevy Volt over what amounts to some really bad math and all out lies. I just can not let these lies about the Volt go on though.

First things first let’s address the elephant in the room. GM is not losing $49,000 on each Volt. What is going on here is some really fuzzy math. Saying GM is losing $49,000 on each Volt is like saying if you bought a new $30,000 car last week and went to the grocery store twice since then each trip to the store cost you $15,000 dollars. That would be really fuzzy math.
Plenty more on this topic after the jump.
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