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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.

Mullin Museum 'opens,' still no public date

The Mullin Automotive Museum in Oxnard, Calif., "opened" Thursday night with a gala Art Deco affair that did splendid justice to the beautiful cars, photos and furniture inside. Models dressed in period costume with period 'dos draped themselves over what are arguably the world's most beautiful Bugattis, Delages, Delahayes, Talbot-Lagos, Voisins and Hispano-Suizas. Similarly clad guests strolled about the perfect period decor, perfect right down to the Art Deco pillars holding up the ecologically friendly roof.

Production of Peugeot iOn and Citroen C-Zero EVs halted

Production of the Peugeot iOn and Citroen C-Zero – both the Mitsubishi i-MiEV under the skin – has been halted by Mitsubishi. The Peugeot iOn EV arrived at the Frankfurt Motor Show three years ago and the Citroen C-Zero EV arrived a few months later, heralding PSA’s arrival in the EV market with a car based on the Mitsubishi i-MiEV. But the prices were frankly horrible at £33,155, more than four times what you’d have to pay for a Citroen C1 or a Peugeot 107 with the 1.0 litre petrol engine.