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Home > Tuesday Humor: GM Announces It Is Losing Money On Every Volt Sold, Will Make Up For It With More Losses

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Tuesday Humor: GM Announces It Is Losing Money On Every Volt Sold, Will Make Up For It With More Losses

By Tyler Durden

Created 04/30/2013 - 14:44

In what should not come as a major surprise to anyone, GM just announced that:

• GM SAYS LOSING MONEY ON EVERY VOLT SOLD

There is good news: being implicitly funded by the US taxpayer means never admitting failure. In fact, the faster one fails, the faster one gets bailed out.

• GM SAYS NOT GIVING UP ON VOLT

And when failure is not an option, the only other option is even greater failure. And even bigger losses.

• GM SAYS NEXT GEN VOLT WILL BE $7,000 TO $10,000 CHEAPER

Slowly but surely everyone is figuring out that in the USSA, where making a profit is becoming increasingly impossible, the only credible business model is that of Amazon: lose lots of money but make up for it in volume.

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Source URL: http://www.zerohedge.com/news/2013-04-30/tuesday-humor-gm-announces-it-losing-money-every-volt-sold-will-make-it-volume