On a recent muggy morning, Jeff Myerson, a manager for Houston-based CenterPoint Energy Inc., is pointing to mundane-looking gray metal boxes up on a wooden utility pole. They mask high-tech capabilities: State-of-the-art wireless relays that collect information on customers’ power use in 15-minute intervals.
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.
General Motors Co . said production of its Chevrolet Volt will increase 33 percent from earlier plans, and the plant making the plug-in hybrid will shut down for four weeks to prepare for the increased output.