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OK, the "grundies" comment was uncalled for and I apologize.
As to the Volt not being viable, it very likely won't be viable. On the other hand, Prius Gen I and Gen II were also not economically viable in that Toyota sold them at a loss (at least that is my understanding).
But GM needs this car in the worst way and the tob brass have said so over and over. The only way the Volt doesn't go into production is GM goes out of business.
Finally, the original article is two months old and quotes an older document. There has been plenty of news since then to lead one to believe the Volt is not going to be scrapped.
Again, my apologies.
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