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Consumers Reject Chevy Volt
National Legal & Policy Center ^ | March 10, 2011 | Peter Flaherty

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.

Volt sales chart

Related:

Consumers Reject Chevy Volt

GM Gooses Sales With Incentives

GM Boosts Lobbying; Hires Bailout Specialists

GM Shares Will Likely Never Break Even for Taxpayers

GM Shares Hit All-Time Low



TOPICS: Business/Economy; Government
KEYWORDS: bailout; efv; energy; fail; gm; governmentmotors; nlpc; obama; potus; rejected; volt
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1 posted on 03/10/2011 5:59:23 PM PST by jazusamo
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To: jazusamo

Buy 1 Get 1 FRee!


2 posted on 03/10/2011 6:00:21 PM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: jazusamo
In other news the GM FCO announced his retirement today effective April 1st. No explanation was given for is departure only xx months after taking the job.
3 posted on 03/10/2011 6:01:24 PM PST by gov_bean_ counter (I am declaring 2011 the year of ME.)
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To: jazusamo

All that for 1000 sales. Amazing. We are doomed with these people running the country...Doomed.


4 posted on 03/10/2011 6:02:01 PM PST by screaminsunshine (34 States)
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To: gov_bean_ counter
Oh man. CFO!

Second glass of wine alert...

5 posted on 03/10/2011 6:02:19 PM PST by gov_bean_ counter (I am declaring 2011 the year of ME.)
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To: jazusamo

This boondoggle at Government Motors is the reason two of their top brass quit yesterday. Can anyone say, “Giant fail”? I knew you could....


6 posted on 03/10/2011 6:02:34 PM PST by kittymyrib
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To: NormsRevenge

LOL! That’s what it may come to.


7 posted on 03/10/2011 6:02:34 PM PST by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: gov_bean_ counter

Yes, I read that, they’ve got real problems with their top people.


8 posted on 03/10/2011 6:03:42 PM PST by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo

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.


9 posted on 03/10/2011 6:04:55 PM PST by Aglooka ("I was out numbered 5-to-1, I got 4.")
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To: jazusamo
GM and the Feds are betting the farm - and their credibility - on the Volt

No, they are betting our farm and "their credibility"

HaHaHaHaHaHaHaHaHa < POP > Oops, that was my gut. Gotta go now.

10 posted on 03/10/2011 6:04:55 PM PST by Aevery_Freeman (It's not the *Prince of Fools* but rather the *fools* that are the problem)
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To: jazusamo

They couldn’t ‘pay me’ to have one.


11 posted on 03/10/2011 6:05:04 PM PST by TribalPrincess2U (They don't need to do another 911. They have BHO and the Fleebaggers.)
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To: jazusamo

To be fair it wasn’t rejected by just any consummers, it was rejected by people who intend to drive.


12 posted on 03/10/2011 6:05:30 PM PST by cripplecreek (Remember the River Raisin! (look it up))
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To: screaminsunshine

And those sales were with a $7500 rebate from the taxpayers.


13 posted on 03/10/2011 6:05:41 PM PST by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo

A bigger failure than Cash for Clunkers. Can we get cash for this presidency?

Pray for America


14 posted on 03/10/2011 6:06:32 PM PST by bray (Vote for Palin and against the Country Club)
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To: jazusamo

What GM should do is take all the powerplant and drivetrain from the Volt and install it into an Aztek body.


15 posted on 03/10/2011 6:06:32 PM PST by Eye of Unk ("These people are either at your neck or at your knees" A quote by Winston Churchill)
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To: jazusamo

This is a rejection of the FRAUDS running us into the ground.


16 posted on 03/10/2011 6:07:18 PM PST by omega4179
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To: screaminsunshine

Seriously, 1000 cars sold?!?! Yup, chart does not provide any conversion such as “in hundreds or thousands” :(


17 posted on 03/10/2011 6:07:40 PM PST by bushwon ("If you think healthcare is expensive now, wait till it is free"--PJ O'rourke)
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To: jazusamo

Doomed.


18 posted on 03/10/2011 6:07:40 PM PST by screaminsunshine (34 States)
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To: jazusamo

This was all predicted years ago.


19 posted on 03/10/2011 6:07:57 PM PST by quantim (Victory is not relative, it is absolute.)
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To: jazusamo

Didn’t see this coming. Gosh.


20 posted on 03/10/2011 6:08:09 PM PST by Bosco (Remember how you felt on September 11?)
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To: Aglooka
GBC predicted that that would be on the table when people refused to purchase a Government motors product.

I drive a 2000 Expedition. It is getting a few miles on it so I need to just take it back and forth to work and around town. I will soon be getting a 2008 Expedition (extended), Eddie Bauer edition. I REFUSE to sacrifice my families safety and comfort.

21 posted on 03/10/2011 6:09:21 PM PST by gov_bean_ counter (I am declaring 2011 the year of ME.)
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To: jazusamo
A few months ago, I listened to ABC radio news proclaiming the resurrection of GM. They were now making "cars people want", and in the next sentence they said "Chevy Volt".

I knew they were full of *bleep*.

Few people see the practicality of a way-overpriced, heavily-subsidized tin can that can get you to the grocery store and back, and that's about all.

And the same people who want millions of these things on the road don't want the new power plants and infrastructure necessary to support them. Idiots. Fantasy Land thinking.

22 posted on 03/10/2011 6:09:30 PM PST by FlyVet
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To: jazusamo

That is graph is very unfair. February is the shortest month of the year. GM would have at least an extra five cars if it was a regular month.


23 posted on 03/10/2011 6:10:28 PM PST by cornfedcowboy (Trust in God, but empty the clip.)
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To: gov_bean_ counter

What’s even scarier is that I read it as CFO the first time, and I haven’t even had any wine. ;)


24 posted on 03/10/2011 6:10:37 PM PST by Fantasywriter
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To: jazusamo

Zero WANTS GM to fail.. Occams razor demands it Cloward-Piven proves it..


25 posted on 03/10/2011 6:10:50 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole....)
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To: FlyVet

You nailed the whole fiasco in a very few words.


26 posted on 03/10/2011 6:12:07 PM PST by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: Fantasywriter

I don’t usually drink wine during the week, but I’m working on emails to State Farm and a plumbing company. It helps frame the proper attitude.


27 posted on 03/10/2011 6:12:42 PM PST by gov_bean_ counter (I am declaring 2011 the year of ME.)
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To: jazusamo
The WON will command you to buy one! Get rid of that SUV!


28 posted on 03/10/2011 6:12:43 PM PST by COBOL2Java (Obama is the least qualified guy in whatever room he walks into.)
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To: cornfedcowboy

LOL! You’re right.


29 posted on 03/10/2011 6:13:18 PM PST by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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Comment #30 Removed by Moderator

To: jazusamo

Consumers Reject OBAMA’s Volt


31 posted on 03/10/2011 6:15:03 PM PST by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
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To: jazusamo

Electric cars have been around over 100 years and while battery technology has improved mightily, it just hasn’t eveolved to the point where elec vehilces can replace the internal combustion engine. I’ll bet it will never be viable.


32 posted on 03/10/2011 6:15:11 PM PST by umgud
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To: jazusamo

I forsee a presidential executive order: Buy a Volt or get the electric chair!


33 posted on 03/10/2011 6:15:59 PM PST by MtnClimber
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To: jazusamo

Only the government would spend billions to produce a product that doesn’t work very well and no one wants to buy. GM was doomed from the day they got bailed out.


34 posted on 03/10/2011 6:16:17 PM PST by The Great RJ (The Bill of Rights: Another bill members of Congress haven't read.)
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To: gov_bean_ counter

Lol. That sounds like a two-glasses-of-wine job, definitely. And btw, your first post was very funny!


35 posted on 03/10/2011 6:16:31 PM PST by Fantasywriter
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To: Fantasywriter

Thanks, Have a great evening...


36 posted on 03/10/2011 6:18:29 PM PST by gov_bean_ counter (I am declaring 2011 the year of ME.)
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To: jazusamo
Well, well Americans... Lets play “Truth be said”?

Quote: GM and the Feds are betting the farm - and their credibility - on the Volt.

1 - They are not “betting the farm” nor any farm whatsoever, they are betting your taxpayers dollars on this game!

2 - They may not be betting their “credibility” for they have none!

Conclusion - Game Over with one more “socialist experiment” based on YOUR TAX-PAYERS DOLLARS!

WHAT NEXT?

37 posted on 03/10/2011 6:20:05 PM PST by Mayr Fortuna
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To: NormsRevenge
Buy 1 Get 1 FRee!

LOL!!! That's good.

38 posted on 03/10/2011 6:20:35 PM PST by FlingWingFlyer (Just say NO to union greed!)
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To: umgud

I couldn’t agree more. Running around a small town for whatever would be fine though cost per mile will be outrageous when all costs are figured in.

The initial cost is out of sight and the only way to make that up is keeping it a lot of years. If you do keep it then you have the maintenance costs and replacement battery costs. It just isn’t feasible.


39 posted on 03/10/2011 6:21:05 PM PST by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo

I’m still waiting for the pink “Energizer Bunny Edition” model to come out.


40 posted on 03/10/2011 6:22:28 PM PST by FlingWingFlyer (Just say NO to union greed!)
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To: jazusamo

41 posted on 03/10/2011 6:22:44 PM PST by Emperor Palpatine (Tosca, mi fai dimenticare Iddio!!!)
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To: jazusamo

By golly I see a Government Motor Yugo in our collective futures.


42 posted on 03/10/2011 6:23:31 PM PST by Robwin
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To: jazusamo

ReVolting.


43 posted on 03/10/2011 6:23:44 PM PST by Dr. Sheldon Cooper (Incidentally, one can get beaten up in school simply by referring to oneself as one.)
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To: screaminsunshine

http://media.gm.com/content/Pages/news/us/en/2011/Mar/0301_gmsales/_jcr_content/rightpar/sectioncontainer/par/download/file.res/DeliveriesFeb2011.pdf

I think they sold less than 700 last year.

I think FedGov is going to make it THE car to buy for government service. Post office, ICE, FBI...thousands and thousands sold.


44 posted on 03/10/2011 6:25:05 PM PST by DBrow
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To: gov_bean_ counter
In other news the GM FCO announced his retirement today effective April 1st. No explanation was given for is departure...

Do you suppose it could have anything to do with the drummed up Obama IPO offering of GM last November at $34.19, which if you bought 10,000 shares ($341,900 + broker fee) would be worth $314,200 today? That's a nice 9% loss in just four months!

Does the CFO possibly know when the Government is going to dump their remaining shares and drive the price down another 10%??

Just wondering...

45 posted on 03/10/2011 6:25:10 PM PST by The Citizen Soldier (I accomp... I acomp... I dood it!)
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To: jazusamo
Hey Americans?

It just occurred me a comparison...

There are some man, that have the Midas Touch - Everything they touch transforms into GOLD!

Your´s President have the SHIT TOUCH...

46 posted on 03/10/2011 6:27:10 PM PST by Mayr Fortuna
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To: screaminsunshine

So they have spent 50+ billion and sold 1000 in three months.

Let’s be generous and say they sell 5,000 by the end of the year. That means each car cost $10 million dollars to make?

Is my math right here?


47 posted on 03/10/2011 6:27:20 PM PST by Brookhaven (Moderates = non-thinkers)
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To: DBrow

Me too. Another Obama scam.


48 posted on 03/10/2011 6:27:23 PM PST by screaminsunshine (34 States)
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To: The Citizen Soldier
#45.

Absolutely. The man is part of the fraud perpetrated against the American people.

49 posted on 03/10/2011 6:29:53 PM PST by gov_bean_ counter (I am declaring 2011 the year of ME.)
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To: jazusamo

The New Chevy Volt, now standard equipped with a 40 mile long extension cord. (Recommend to drive only on straight roads)


50 posted on 03/10/2011 6:34:33 PM PST by JPG (May the WI GOP stay united and strong.)
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