Chevrolet Volt Costs $40,000 To Build: Former Car Czar

Chevrolet Volt Costs $40,000 To Build: Former Car Czar
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Steven Rattner, the man appointed by President Obama to oversee the auto industry bailout, claims that internal GM documents that were analyzed in the early days of the bailout pegged the cost of producing a Chevrolet Volt at $40,000 per car. “At least in the early years, each Volt would cost around $40,000 to manufacture… Continue Reading...

Car Czar: GM IPO Price Undervalued At $29

Car Czar: GM IPO Price Undervalued At $29
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Steve Rattner, who oversaw President Obama’s auto industry bailout, told Bloomberg News that GM’s Initial Public Offering share price was undervalued. “There is definitely a greater level of confidence in the ability of the carmakers to perform,” Rattner said at an Automotive Press Association event in Detroit. “That’s because of the profit numbers.” According to… Continue Reading...