Every once in a while, there’s a big idea that forever changes the way we live and the tools we use. Think electric light bulbs, washing machines and, maybe, Amazon’s dream of drone deliveries. Ford’s new concept car with rooftop solar panels looks like it could be next on the list. Don’t bet on it.
General Motors Co., facing disappointing Chevrolet Volt sales, cut the starting price of the plug-in hybrid sedan by $5,000 to compete against the less- expensive and better-selling Toyota Prius and Nissan Leaf.
General Motors Co., which loses money on every Chevrolet Volt it sells, wants to cut as much as $10,000 per car from the model’s production cost to make the next generation of the plug-in hybrid affordable and profitable, Chief Executive Officer Dan Akerson said.
Buyers of General Motors Co.’s 2011 Chevrolet Volt won’t get California’s $3,000 rebate for the most advanced cars while Toyota Motor Corp. ’s Prius plug-in hybrid that can’t drive as far without gas qualifies for an incentive.