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 like this.”
Lutz did not give reporters details on the packs cost or duration of any warranty, but PHEV analyst Menahem Anderman told the reporter that the Volt’s pack would cost about $10,000.
One interesting corollary on Lutz’ comments is that GM might no longer be thinking about leasing the battery at this point.
Source (Canada.com)
