Chevy Volt Plug-in Hybrid. Photo: GM
GM Can’t Afford Not to Have the Volt to Lose Money On…
Rick Wagoner’s replacement as GM CEO, Fritz Henderson, might have recently said that all of GM’s car models will need to “pay the rent” (unlike the previous business model, which was to make huge margins on ginormous SUVs and trucks, and to build unprofitable small cars as an afterthought), but there was some fine print on that claim. This new rule won’t apply to the GM Volt plug-in hybrid car, and that’s probably a good thing….