The Chevy Volt is in many ways GM’s flagship into the future. Many people are critical of the car, saying it doesn’t go far enough on electric power. Others are critical of its cost, which—between media speculation and hints from GM execs—has ranged from below $30,000 to more than $40,000 before tax breaks. In the past, even GM has seemed rather resigned to lose money when the Volt first comes out, rather than expect to turn a profit.
But in a recent interview with GM-Volt.com, GM CEO Ed Whitacre revealed that GM will sell the Volt in the low $30,000 range, and they will make money off of it. Imagine that… GM making money!