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GM 'will lose money' on the new Chevrolet Volt

By Ben Whitworth Motor Industry 18 September 2008 14:39 Despite hanging its future on the make-or-break Chevrolet Volt plug-in hybrid car, GM has confirmed that it doesn’t expect to make a profit from it – at least not on the first-generation model. The Chevy Volt was unveiled this week amid much hoopla at GM's centenary. 'I don’t know that I’ve ever seen a situation where we make money, particularly when you load all the costs in,' Fritz Henderson, GM’s chief operating officer, told Automotive News Europe, referring to the company’s first-generation technologies.

Used Volvos for sale: First $290K takes both

Having decided to focus solely on their Pirelli World Challenge GT effort involving Volvo's S60, K-PAX racing has decided to sell off their two-year-old C30s. Given that 2013 is the production car's last hurrah, it makes sad sense that Volvo's not too interested in campaigning a machine that will soon be vacating showrooms. Built in 2011 to compete in the World Challenge Touring Class, the pair managed six poles and five wins under the sure hands and feet of Robb Holland and Aaron Povoledo.

Fisker gets funding for Karma & NINA

The Fisker Karma - should move to market quickly with new funding But late yesterday the DOE in the US approved loans to Fisker of $528 million (around £323 million). That should help. The loan is aiming to secure production of a plug-in hybrid in the US, which probably means the lower cost car Fisker has been talking about for some time.