anticitizen13.7
Not posting at TMC after 9/17/2018
GM’s Reuss Predicts Company Will Build First Profitable EV | TheDetroitBureau.com
GM's EVP for product development admitted that GM sells the Bolt at a loss:
Basically, the Bolt's 37.5k MSRP is a stunt subsidized by GM's other product lines in order to barely stuff it into mainstream pricing.
GM's EVP for product development admitted that GM sells the Bolt at a loss:
We know the customers would like to drive electric cars but are unwilling to pay any more for them. That’s why we’re going to be the first company to sell electric vehicles that people can afford at a profit,” Reuss said. However, he declined to say when GM’s EV operations would be profitable.
Basically, the Bolt's 37.5k MSRP is a stunt subsidized by GM's other product lines in order to barely stuff it into mainstream pricing.