GM to chase electric car boom despite red ink trail

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 the US.

California crafted the doctrine, with tough clean-air rules and a mandate that carmakers sell some non-polluting vehicles if they want to do business in the Golden State. N…