You are here

GM to chase electric car boom despite red ink trail

Friday, December 2, 2016 - 05:50
BT_20161202_BOLT_2625462.jpg
The Chevrolet Bolt. While the Trump administration may dilute federal programmes that take aim at carbon-dioxide spewing cars, California won't be backing down.

Chicago

GENERAL Motors Co stands to lose as much as US$9,000 on every Chevrolet Bolt that leaves a showroom once the all-electric subcompact starts rolling out. Sounds crazy, but the damage makes perfect business sense under the no pain, no gain policy driving the electric-vehicle boom in