White House: Chevy Volt too Expensive; Calls for Restructuring of GM, Chrysler

摘要

Although General Motors' Chevrolet Volt appears promising, its reported potential initial price tag of $40,000 is too high to make the model viable, a White House report last week said."While the Chevy Volt holds promise, it will likely be too expensive to be commercially successful in the short-term," said the White House report, a "viability summary" of GM's restructuring plans.