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Archive for the 'Warranty' Category
Lutz: Each Volt Factors in the Cost of a Battery Replacement
Cutting edge lithium ion battery packs being built for the Volt are expensive. Some experts guess they cost up to $10,000 although certainly GM nor their suppliers are saying what the actual numbers will be.
When one looks at the close to $40,000 price tag for the Volt it is recognized that the pack makes [...]
Popularity: 2%
Posted by: Lyle with 129 Comments
Volt Pricing to Take High Battery Warranty Cost into Account
GM vice -chairman Bob Lutz told reporters some of the Volts recently increased pricing reflects the high cost of warrantying the lithium-ion batteries.
He said:
“We are going to bake in a very substantial warranty cost for the battery in our overall pricing calculation,”
and
“We need to be conservative, simply because it’s the first time we’ve done anything [...]
Popularity: 3%
Posted by: Lyle with 58 Comments
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