RSSObama’s Government Motors Loses $49,000 on each Chevy Volt
The Obamamobile loses $49K per vehicle, yet another example how Obama just does not get it.
Take a good look at what Barack Obama touts as the future of car travel. General Motors Chevy Volt loses on average $49,000 per every Volt that they build. WOW, there’s a business plan, create a product that cost nearly $50K more than what you get back in return. What fool thinks this stuff up? No wonder as Weasel Zippers states, the Chevy Volt, the official car of the Obama administration. As the Lonely Conservative opines, Obama has been talking up the takeover of SM as one of his signature achievements. Imagine that, Obama praising a company that loses $49,000 per vehicle. This sounds much like his stimulus plan. Obama and the Chevy Volt, perfect together.
General Motors Co sold a record number of Chevrolet Volt sedans in August — but that probably isn’t a good thing for the automaker’s bottom line.
Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts. GM on Monday issued a statement disputing the estimates.
Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce.
And while the loss per vehicle will shrink as more are built and sold, GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others.
GM’s basic problem is that “the Volt is over-engineered and over-priced,” said Dennis Virag, president of the Michigan-based Automotive Consulting Group.
Posted September 10, 2012 by Scared Monkeys Barack Obama, Economy, GM, Green Energy, Obamanation, WTF | 6 comments |
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Allen West On Obama’s Likeability: Serving ‘A Crap Sandwich With A Smile Is Still A Crap Sandwich’
August 25, 2012
http://nation.foxnews.com/allen-west/2012/08/25/allen-west-obama-s-likeability-serving-crap-sandwich-smile-still-crap-sandwich
Rep Allen West (FL-R) Says Barack Obama is serving America a crap sandwich with a smile on his face… But it’s still a crap sandwich.
Posted August 26, 2012 by Scared Monkeys
http://scaredmonkeys.com/2012/08/26/rep-allen-west-fl-r-says-barack-obama-is-serving-america-a-crap-sandwich-with-a-smile-on-his-face-but-its-still-a-crap-sandwich/
Yea!…a big bloated Central Planning government is just what
we need. Plenty of money to waste on ‘experiments and
payoffs’. This kind of central group of like minded control
freaks would gladly live grandiosely off We the People while
spending them and all their offspring into the ground.
#1/#2 Forgive me for asking, but what do these comments have to do with the Chevy Volt?
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SM: Since you are not a moderator here, you really don;t have a right to ask.
Maybe its because the Chevy Volt is a crap sandwich as well.
R
From gm-volt.com/about/ –
The Volt was first announced by General Motors (GM) in January 2007 as a concept car. This site, GM-volt.com, was created on the same date to help compel GM to build the car.
On June 3rd, 2008, GM CEO Rick Wagoner announced that the board of GM approved moving the Volt to production.
On September 16th 2008, GM unveiled the production version Chevy Volt to the world.
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So, according to these dates, the Volt had its entire creation way before Obama took office. GM would have to have done significant market analysis and financial accounting to plan its production levels, pricing, and market penetration very early on, prior to Sept 2008.
Accordingly, the sales plan and Volt price were unaffected by the GM financial bailout from early 2009. How Obama bears any involvement, accountability, or responsibility for the Volt is not evident or even feasible given a lengthy and expensive project such as this.
It’s my understanding that the Prius lost money during its early years, with a plan to make that up as sales volume
increased from later market penetration.
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SM: Yes, but how much tax payer $’s went to this failure from the GM bailout?
BTW, this is something to ponder and maybe Obama can explain … he wants 3 million electric cars on the road. Just where does Obama think this electricity is coming from, thin air? It is hardly coming from wind and solar. Oh, those are just trivial details, I know.
#4-SM: As far as the electricity question; I’ve wondered myself how their recharging works as far as who pays for that.
My best guess (weak, I know) is that the charging stations have a pay feature kinda like parking ramps have.
As far as the generation angle, my understanding from general news stories, and not research, is that the claim is that the regular electricity grid is more efficient than gas powered or Prius-style power trains.
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SM: Not just who pays for it … where is the electricity coming from? Coal, nuclear, natural gas? It’s certainly not coming from sun or wind. Right now if 1 million people bought electric cars we would not have the electric supply to make them run.
With the economic principle of supply and demand electric bills would probably go up 1000%.
Like every thing with this president, nothing is ever thought out to its final conclusion.
R