Looks Canadian, almost a loop between the two.
Still, as I said before, the Reuters article used junk math. Something is biased there.

MrEnergyCzar

GM had some pretty rosy forecasts for sales that are absolutely not happening. GM execs had confidently predicted 45K US sales and 15K OUS sales this year. Those numbers won’t be reached. We will see… perhaps 19K (unless GM keeps the lease promotion going). Maybe 6K OUS, 25K in total.

They’ll probably be more or less breaking even if they can sell 150K by the end of the fifth year of production.

The waters are muddied a bit by the apparent intent to sink some more money into development for a Gen II Volt. If they can get the price down and the appeal up, that might help profitability, long-term. And the waters are further muddied by the likelihood that GM is currently subventing the leases (I’m estimating the recent lease promotions were an extra $4K/car).

However, any Volt profitability at that 150K vehicle point is still aided by unprecedented taxpayer subsidies, so it’s not as though GM can declare some kind of “win.” To determine its success or failure, charge off $7500/car against the project to normalize costs to the rest of the market and the Volt will probably remain unprofitable for a long time.

Using that mathematical model, no manufacturer would ever bother try and build a new product. You cannot prorate design cost over the first year or two unless you really believe you are only going to build the product for that term. As noted, Toyota lost money for years on the Prius. It’s a profit maker now.

GM does have some issues, but they are more to do with the corporate structure. Time will tell if the Volt is a winner in the money department, but there is no question that it is an impressive car.

I also can support the notion that customers are happy – I love this car!

CNBC is stupid to have that guy on the TV. That is why I stop watching CNBC…