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With $33.6 Billion Cash, If GM Can’t Tell the Truth They Can Give Us Our Money Back

No wonder GM went bankrupt. They're clueless about how to run a business. The cost of production is the cost of the development plus the cost of production divided among the actual number of units made. If you don't make enough units to cover your cost of development you haven't made a profit yet. Any small business owner who has managed to stay afloat for 6 months knows that.

Over the weekend General Motors fought back against critics who have been all over the company after published reports say that the government-subsidized car company is spending as much as $90,000 to produce the “breakthrough” electric car, the Chevy Volt. The Volt retails for only $40,000.

Although the company refused to release figures regarding Volt production costs, UPI quotes the company as saying that critics have "allocated product development costs across the number of Volts sold instead of allocating across the lifetime of the program, which is how business operates."

The UPI whines that the Volt has become a...

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