> "While it was a financial loser, it did what was intended," said retired GM Vice Chairman Bob Lutz, who shepherded the Volt into production. "We viewed it as a stepping stone to full electrics, which were totally out of reach due to the then-astronomical cost of lithium-ion batteries."
> GM needed to stop making it due in part to changing consumer preferences for SUVs, he said. The company also lost money on every Volt, cash that is needed for research on autonomous vehicles and more advanced electric cars, he said.
> "While it was a financial loser, it did what was intended," said retired GM Vice Chairman Bob Lutz, who shepherded the Volt into production. "We viewed it as a stepping stone to full electrics, which were totally out of reach due to the then-astronomical cost of lithium-ion batteries."
> GM needed to stop making it due in part to changing consumer preferences for SUVs, he said. The company also lost money on every Volt, cash that is needed for research on autonomous vehicles and more advanced electric cars, he said.