Development costs are real costs, particularly when sales do not follow.<quoted text>
You moron. This has been debunked many times
The idiot that wrote your source article forgot to mention that most of that cost was development costs. These are high because everything about the Volt had to be designed & tested.
"Based on interviews with industry experts, Reuters estimated it costs GM between $75,000 and $88,000 today to build each Volt. Most of that --$56,000 -- comes from the cost to develop the Volt's unique power system, a combination of gas engine, electric motors, massive lithium-ion battery pack and a complicated transmission, all powered by custom GM software that controls how the car starts, stops and recharges. The rest of the cost comes from the raw material, labor costs and other overhead."
Using even your math, the Volt costs $32,000 to manufacture, leaving no possibility of profit.