Lutz: Volt will cost $40,000, first-gen will lose money

[NewsBot]

Bob Lutz revealed to the Seattle Times that the price point for his company's Chevy Volt (http://www.autoblog.com/tag/ChevyVolt/) series hybrid electric vehicle will be $40,000, or around $10,000 more than originally estimated. Lutz also told the paper that the first-generation of the Volt would generate no profit for General Motors.
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*Source: Autoblog (http://www.autoblog.com/2008/06/19/l...-lose-money/)*

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