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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.

Saab 9-3 back with a petrol engine?

When National Electric Vehicle Sweden (NEVS) bought Saab they planned to produce electric Saabs. But now they’re looking at relaunching the 9-3 with an ICE engine. Finally, after what seemed decades of trying to find a way to divest itself of Saab, GM agreed a deal with National Electric Vehicle Sweden (NEVS) to take the reluctant Griffin down the dead-end route of mainstream electric cars.

Tax disc to be scrapped after 93 years

David Cole | REX Features Tax discs are to be axed, chancellor George Osborne has announced in his 2013 Autumn Statement. But motorists will still pay an annual Vehicle Excise Duty (VED / road tax) fee. The round paper certificates we all currently display in our car windows have served as proof of this road tax payment since 1921.