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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.

Mercedes S-Class Plug-in Hybrid revealed for Frankfurt 2013

We’ve driven the new 2013 Mercedes-Benz S-Class already this year (and loved it), but now the ‘best car in the world’ has added another feather to its cap. The German firm has released details of a super-high efficiency version of its S-Class saloon called the S500 Plug-in Hybrid, ahead of the car’s debut at the 2013 Frankfurt Motor Show next month. It goes on sale in the UK in 2014, and its vital statistics are absolutely astonishing.

Maybach is dead - Zetsche closes Merc's upmarket wing

Daimler is to announce the closure of Maybach, marking the failure of its upmarket division resurrected to battle BMW's Rolls-Royce and VW's Bentley subsidiaries. Chief exec Dieter Zetsche will tomorrow (Saturday 26 November) announce he's lost patience with Maybach in an interview with a weekend newspaper in Germany. No more Maybachs will be developed and stocks will deplete by later in 2012.