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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.

AC Cars and Zagato launch 378 GT Zagato

AC Cars, working in collaboration with Italian design house Zagato, has announced its new sports car, the AC 378 GT Zagato. The launch was revealed at last week's Geneva motor show, where the production version of the Aston Martin V12 Zagato – which was, in fact designed in-house by Aston Martin in the UK – was being displayed on the British carmaker's stand. The car is instantly recognizable as a Zagato-designed car, with minimalist, organic surfacing and key features such as the C-pillar/rear window crossover.

One Lap of the Web: Green machines, light-up stars and an upside down Porsche

We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. To participate in the 24 Hours of LeMons you not only need a sub-$500 car, but you also have to find a gimmick.