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GM 'will lose money' on the new Chevrolet Volt

By Ben Whitworth Motor Industry 18 September 2008 14:39 Despite hanging its future on the make-or-break Chevrolet Volt plug-in hybrid car, GM has confirmed that it doesn’t expect to make a profit from it – at least not on the first-generation model. The Chevy Volt was unveiled this week amid much hoopla at GM's centenary. 'I don’t know that I’ve ever seen a situation where we make money, particularly when you load all the costs in,' Fritz Henderson, GM’s chief operating officer, told Automotive News Europe, referring to the company’s first-generation technologies.

Mitsubishi Evo X prices announced

By First Official Pictures 18 December 2007 18:07 Mitsubishi has just announced prices for the tenth evolution of its Lancer, and it will cost considerably more than its rival from Subaru. The cheapest Evo X will be £27,499, £2504 more than the Subaru Impreza WRX STi. But if you’re not in the market for the all-out, all-paw Lancer then fear not, because the base 1.5-litre front-wheel drive model will cost only £12,499, just £4 more than the equivalent Scooby.

Who's Where: Ken Okuyama parts company with Pininfarina

Pininfarina, the Turin, Italy-based automotive styling house, has announced that its design director, Ken Okuyama, has left the company. In a tersely-worded statement Pininfarina said, "The Company's decision comes as a result of the various external activities Ken Okuyama was carrying out beyond his responsibilities within Pininfarina." Ken Okuyama had been Design Director at Pininfarina since July 2005. During this time, Okuyama's most high-profile work was the Maserati Birdcage prototype, created to celebrate 75th anniversary of the Italian styling house.