Bob Lutz: First-gen Volt might cost $40,000
Seems the test drive date is not the only thing changing about the Volt. Bob Lutz tells Wired News the Volt will sell for more than the originally estimate of $30,000. How much more? Costs might go down on the second-generation Volt but Bob leaves open a price close to $40,000 for the first-gen Volts. Here is exactly what he said:
WN: What's the target market for the car? Will it be a high-end car, a mid-range car?
Lutz: I've always said I'd like to be able to sell it at around $30,000. The way things look now, it doesn't look like that's going to be possible. It looks like it's going to be more.
WN: How much more?
Lutz: I don't know. You'd like to have it at about $30,000 for the customer, but what I'm hearing from the team is we're not going to get there. They say we might get there on the second generation, and they say if they had a lot more time they might be able to cost-optimize it. I don't want to wait for cost optimization. I'd rather come out in 2010, and if it costs closer to 40 than 30, well, that's too bad.
When will we get to the see the new Volt design? "That I can't tell you. Sooner rather than later. I'll just say that" says Bob. I hope that design change is not too dramatic Bob. I don't know if I can take news of another big change.
[Source: Wired News via GM Volt]
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