Skip to comments.Consumers Reject Chevy Volt
Posted on 03/10/2011 5:59:18 PM PST by jazusamo
Part 4: GM by the Numbers
Last week, the Volt, GM's signature hybrid vehicle, turned in a lackluster performance in its first series of road tests by Consumer Reports. CR told Reuters on Monday that "when you look at the finances, [the Volt] doesn't make any sense." The publication went on to note that the Volt was "not particularly efficient as an electric vehicle and not particularly good as a gas vehicle... This is going to be a tough sell to the average consumer."
GM and the Feds are betting the farm - and their credibility - on the Volt. As Truth About Cars editor Edward Niedermeyer wrote last year in the New York Times, the history of the Volt was never about making a "best in class" green vehicle, it was always about making the bailout look palatable - whatever the cost. And according to Niedermeyer, it's quite a cost:
Start with the $50 billion bailout...add $240 million in Energy Department grants doled out to G.M. last summer, $150 million in federal money to the Volt's Korean battery supplier, up to $1.5 billion in tax breaks for purchasers and other consumer incentives, and some significant portion of the $14 billion loan G.M. got in 2008 for 'retooling' its plants, and you've got some idea of how much taxpayer cash is built into every Volt.
More troubling still is that the average American taxpayer who foot the bill for GM's massive bailout, isn't even getting a car they can afford. In 2009, Obama's Presidential Task Force on the Auto Industry reported that the Volt "will likely be too expensive to be commercially successful in the short term."
A Washington Post editorial last August echoed the sentiment, describing the Volt as far too expensive for average Americans and suggesting the only way to sell Volts, even to the well off, was with a large federal subsidy. It argued that that each Volt subsidy comes at the cost of federally supported income redistribution... to America's most wealthy.
But all of the bellyaching and criticism WILL be irrelevant if consumers actually embrace the new hybrid vehicle. How's it going so far? See below.
Buy 1 Get 1 FRee!
All that for 1000 sales. Amazing. We are doomed with these people running the country...Doomed.
Second glass of wine alert...
This boondoggle at Government Motors is the reason two of their top brass quit yesterday. Can anyone say, “Giant fail”? I knew you could....
LOL! That’s what it may come to.
Yes, I read that, they’ve got real problems with their top people.
Just pass a law requiring people to buy the car. That way it will become affordable.
A little “nudge” to help us stupid people go in the right direction.
No, they are betting our farm and "their credibility"
HaHaHaHaHaHaHaHaHa < POP > Oops, that was my gut. Gotta go now.
They couldn’t ‘pay me’ to have one.
To be fair it wasn’t rejected by just any consummers, it was rejected by people who intend to drive.
And those sales were with a $7500 rebate from the taxpayers.
A bigger failure than Cash for Clunkers. Can we get cash for this presidency?
Pray for America
What GM should do is take all the powerplant and drivetrain from the Volt and install it into an Aztek body.
This is a rejection of the FRAUDS running us into the ground.
Seriously, 1000 cars sold?!?! Yup, chart does not provide any conversion such as “in hundreds or thousands” :(
This was all predicted years ago.
Didn’t see this coming. Gosh.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.