Earlier today, Reuters published a report going over the numbers of GM's
With more than 100 comments and 5,000 Facebook recommendations on reuters.com, the story has piled on in a big way to Volt's already tarnished reputation.
GM fired back in a press release, taking particular issue with how Reuters calculated loss per unit. Reuters allocated product development costs across the number of Volts sold instead of across the number that will be sold across the lifetime of the program, wrote GM.
GM also pointed out that the Chevy Volt is part of a larger research initiative to bolster the corporation's electric vehicle technology, research that will ultimately benefit the company as a whole.
GM can't definitively know whether the Volt will or won't pay off in the long run, but the company is attempting to stress that Reuters can't, either.
Motley Fool newsletter services have recommended buying shares of General Motors. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
More from The Motley Fool
GM Proved Doubters Wrong in 2017 With a Strong Crossover Lineup
GM surprised the market when it announced strong guidance thanks to a revamped line of crossovers and SUVs. Better still, it delivered on the promises.
This Will Cost Corporate America Billions This Earnings Season
Find out why tax reform is a two-edged sword.
Forget Tesla: This Photo Shows General Motors Is a Self-Driving Leader
A visual shock: The future will arrive sooner than you thought.