Insight: GM's Volt: The ugly math of low sales, high costs | Reuters
Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.Rate rises as carbon too risky for council | thetelegraph.com.au
Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce.
now the Division of Local Government has judged eligible carbon credit units to be of the same class of risky financial products called derivatives, which councils were banned from investing in under a ministerial order made following the GFC in 2010.
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