Rumor Rating Description
A rumor rated as 'speculation' is one that has no supporting information
A rumor rated as 'strong' is one where we received information from more than one source.
A rumor rated as 'fact' is one that has proven to be true
A rumor rated as 'false' is one that has proven to be false based on new information
These rumors are just that, RUMORS, and are not to be taken as 'fact' unless so noted.  Please visit our Hot News page for news.  If you have a rumor, or can supply more information about one listed here, e-mail us with as much supporting information as possible and we may post it. User Agreement and Disclaimer. Newer rumors supersede older ones of the same topic.  Go to our forums to discuss any rumor.
for your iPhone
for your iPad

2018 NASCAR Silly Season Page | 2018 F1 Silly Season Page | 2018 IndyCar Silly Season Page

Go to our forums to discuss this news
DATE News (chronologically)
GM looks to cut price of next-gen Chevy Volt by $7,500
Back in July of 2010, General Motors revealed that the 2011 Chevrolet Volt would be slapped with a base price of $41,000 (including a $720 destination charge, but excluding any plug-in vehicle incentives). While the Volt's price isn't as aggressive as some potential buyers had hoped for, its lease rate of $350 per month for 36 months is nearly identical to the deal offered on the Nissan Leaf.

Buyers willing to wait for the second-generation Volt to debut may see a price tag that's up to $7,500 less than the $41,000 sticker on the 2011 model. According to GM-Volt, The General expects that economies of scale, along with the possibility of reducing the size of the Volt's lithium-ion battery pack, could contribute to a $7,500 price reduction for GM's next-gen plug-in hybrid. GM spokesman Robert Peterson reiterated that the Volt's price will drop over time, stating:

As with any new technology - from plasma TVs to cell phones - the production costs lower with knowledge gained with each generation. We expect to see similar cost savings, either through the development or improvement of technologies, or reduced production costs.

However, Peterson made no specific mention of a $7,500 price cut. At this time, that number seems to be a well-circulated rumor, rather than an actual target set by GM. If it's an actual target, it makes some sort of sense: the maximum federal tax credit is worth $7,500, and it is set to expire for GM after the automaker sells 200,000 qualified vehicles.

Rumors Archives
2000 2001 2002 2003
AutoRacing1 Inc. BBB Business Review

Search Rumors
Search Help

Banner 10000012