That has not been true for a very long time now, friend. Here is an article/video from Bob Lutz about it from a couple years ago:
Bob Lutz Responds To Reuters Article: Chevrolet Volt Is At “Variable Break-Even” Now (Video)
“The statement that GM “loses” over $40K per Volt is preposterous. What the “analyst” in whom poor Ben Klayman placed his faith has done is to divide the total development cost and plant investment by the number of Volts produced thus far. That’s like saying that a real estate company that puts up a $10 million building and has rental income of one million the first year is “losing” 9 million dollars, or several hundred thousand per renter.”
Uh, it is still true.
At least a $49,000 loss on back end at sale as cost of production still is higher than sale price.
http://freerepublic.com/focus/f-bloggers/2877209/posts
Still applies no matter how many facelifts they give this Edsel.