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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.

Korean Grand Prix (2013) RESULT

Korean Grand Prix (2013) RESULT It has looked for some of the F1 season that Mercedes – and particularly Lewis Hamilton – could get stuck in to Sebastian Vettel and slow down his race to another world championship, or that Fernando Alonso could make progress by stealth and put a stop to the German. But that all seems a distant thought as Vettel cruised almost serenely to a win in Korea, despite his lead being compromised at times by two safety cars and even a rogue Jeep fire tender on the track. Behind Vettel, who won by 4.2 seconds from the Lotus pair of Kimmi Raikkonen and Romain Grosjean, the best Vettel’s closest rival, Fernando Alonso, could manage was sixth, with Lewis Hamilton putting his Mercedes in fifth, behind Nico Hulkenberg.

Fisker lays off majority of staff

This story originally appeared on Automotive News Fisker Automotive, the plug-in hybrid sports-car maker that has been grappling with financial troubles, laid off about 160 of its more than 200 employees Friday morning. A Fisker source who was among the employees affected said the layoff took place at about 8 a.m. Pacific.