The Chevrolet Volt, a battery-powered sedan that also is equipped with a gasoline-engine for longer trips, costs about $32,500 when factoring in government incentives. At current gasoline prices it would take about six years of owning the Volt to justify its price premium over a $19,700 Chevrolet Cruze. The Cruze, rated at an average 26 miles per gallon, and the Volt, rated at 61 miles per gallon, resemble one another and perform similarly. It's hardly surprising that the Volt has fallen short of GM's sales expectations while the Cruze has turned into a mainstay of the automaker's Chevrolet brand.
Automakers are unveiling some intriguing new models in the Big Apple.
|NASA to unveil a partnership with the private sector to send astronauts into space|
|Half the Nasdaq stuck in a bear market|
|FBI launches a powerful facial recognition system|
|NFL scoring huge ratings despite scandals|
|America's largest pension ditches hedge funds|