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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.

Hottest 911 ever!

A few weeks back, we revealed spy shots of the next-gen Porsche 911 GT2. But now the Web is awash in reports from a Porsche dealer meeting in Germany where the company revealed the even-hotter GT2 RS. Reportedly pushing 620 hp from its turbocharged boxer-six engine, the track- and street-legal GT2 RS is said to be 200 pounds lighter than the GT2.

U.S. proposes new labels for fuel economy, emissions levels

Consumers shopping for a new car would be able to compare fuel economy and emissions levels across all types of vehicles by looking at revised labels on window stickers under an Obama administration proposal made Monday. Government regulators are seeking public comment on changes to fuel-economy labels that would allow comparisons across electric vehicles, plug-in hybrid electric vehicles, and conventional gasoline and diesel vehicles. The U.S.