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GM's Volt - The ugly math of low sales, high costs
Reuters ^ | September 10, 2012 | Bernie Woodall and Paul Lienert and Ben Klayman

Posted on 09/10/2012 5:40:25 AM PDT by Cincinatus' Wife

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.

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.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Government
KEYWORDS: electriccars; gm; governmentmotors; green

1 posted on 09/10/2012 5:40:32 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife


2 posted on 09/10/2012 5:44:54 AM PDT by TurboZamboni (Looting the future to bribe the present)
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To: Cincinatus' Wife

I saw a Volt on the road for the first time last week. I wonder if it had dealer plates on it?


3 posted on 09/10/2012 5:51:23 AM PDT by Fresh Wind ('People have got to know whether or not their president is a crook.' Richard M. Nixon)
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To: Cincinatus' Wife

They’ll make up for it in volume though!


4 posted on 09/10/2012 5:51:40 AM PDT by jpl (The government spent another half a million bucks in the time it just took you to read this tagline.)
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To: Cincinatus' Wife

What a disaster for the US taxpayer.


5 posted on 09/10/2012 5:52:33 AM PDT by winner3000
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To: Cincinatus' Wife

What a disaster for the US taxpayer.


6 posted on 09/10/2012 5:52:50 AM PDT by winner3000
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To: Cincinatus' Wife

A textbook example of what happens when politicians push companies to produce what they think Americans want to drive.


7 posted on 09/10/2012 5:53:51 AM PDT by rbg81
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To: Fresh Wind

The only one I have seen had government plates and zoomed past me doing at least 85.


8 posted on 09/10/2012 5:56:25 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
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To: Cincinatus' Wife
Photobucket
9 posted on 09/10/2012 6:01:10 AM PDT by baddog 219
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To: Cincinatus' Wife

If I were a wealthy man I would probably buy one and just stick it in a warehouse.

Someday having a mint condition Volt might pay off nicely, a whole lot of fame for darn few vehicles. Heck, Ming vases use to be a dime a dozen at one time too...


10 posted on 09/10/2012 6:06:17 AM PDT by Abathar (Proudly posting without reading the article carefully since 2004)
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To: Cincinatus' Wife

I’ve said it before- Obama did not have to take over the ENTIRE outo industry at once- only one company. The use the media and tax dollars to undercut the price of all the others until he drive them out of business

There is no other reason possible for them to be leasing an 89,000 car for $200 a month. And when people take that deal they dont buy a car from another company.

DO NOT BUY A GOVERNMENT MOTORS CAR until they are no longer owned by the unions or the government.


11 posted on 09/10/2012 6:11:51 AM PDT by Mr. K ("The spread of evil is the symptom of a vacuum [of good]")
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To: Cincinatus' Wife

That 2 year lease is a sweet deal.


12 posted on 09/10/2012 6:12:19 AM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: rbg81
A textbook example of what happens when politicians push companies to produce what they think Americans want to drive.

...or what they want to force us to drive.

13 posted on 09/10/2012 6:12:47 AM PDT by Erasmus (Zwischen des Teufels und des tiefen, blauen Meers)
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To: Cincinatus' Wife
The ugly math of low sales, high costs
What high costs? I see this guy on TV and he claims he's gone thousands and thousands of miles and used no gas.
Of course he NEVER mentions his eletric bill!
C'mon America - it's FREE lunch time (you fools).
14 posted on 09/10/2012 6:13:33 AM PDT by oh8eleven (RVN '67-'68)
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To: Cincinatus' Wife

Wifa and I have been watching the remake of Dallas and while we like the new show, I have had to laugh my butt off at the obvious contract with Chevy they have and also at the overhanded GREENIE producers/writers.

One of the main storylines is ‘alternative Energy’ for the good side of the family (Bobby/Chris) and ‘EVIL OIL’ for the bad side (JR/John Ross)

They even push it furthur with the vehicles — Chris drives a Tesla, Bobby has a Hybrid Chevy (not sure of model) and his wife drives a VOLT -— JR is chauffered in a huge Tahoe, and John Ross drives a Corvette


15 posted on 09/10/2012 6:15:55 AM PDT by commish (Freedom tastes sweetest to those who have fought to preserve it.)
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To: rbg81

You ALMOST got that right:

A textbook example of what happens when politicians push companies to produce what they want Americans to drive.......


16 posted on 09/10/2012 6:26:36 AM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: Abathar

Your warehouse would burn down....


17 posted on 09/10/2012 6:28:34 AM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: bert

At 85 it’s not going very far.


18 posted on 09/10/2012 6:32:40 AM PDT by ImJustAnotherOkie (zerogottago)
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To: Abathar

Just make sure there is nothing else in the warehouse of any value. If the damn thing burns up all will be lost.

I doubt you can disconnect the battery. Probably some serious amperage there.


19 posted on 09/10/2012 6:34:30 AM PDT by ImJustAnotherOkie (zerogottago)
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To: TurboZamboni

Why not buy a bunch of them, then sell the parts?


20 posted on 09/10/2012 6:35:50 AM PDT by ImJustAnotherOkie (zerogottago)
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To: Cincinatus' Wife

GM losing $49K on each Volt?

Are they making it up in volume? lol


21 posted on 09/10/2012 6:39:51 AM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: jpl

exactly my first thought


22 posted on 09/10/2012 6:40:45 AM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: rbg81

Twentieth Century Motors


23 posted on 09/10/2012 6:42:00 AM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: ImJustAnotherOkie; Abathar

There may be some serious maintenance involved for the batteries as well if they are not used.

Some of the newer battery packs are pretty much ruined if they are completely discharged.


24 posted on 09/10/2012 6:45:49 AM PDT by NY.SS-Bar9
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To: Red Badger; Erasmus

Bravo! You are both correct.


25 posted on 09/10/2012 6:47:54 AM PDT by rbg81
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To: Red Badger; Erasmus

Of course, they did pass a mandate to raise average MPG. Which is a backdoor way of forcing their will.


26 posted on 09/10/2012 6:49:28 AM PDT by rbg81
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To: smokingfrog

“That 2 year lease is a sweet deal.”

Only if it is kept well away from any flammable part of your home - seems Gubbamn’t Motors built a mobile fire bomb.


27 posted on 09/10/2012 6:50:38 AM PDT by GladesGuru (In a society predicated upon freedom, it is necessary to examine principles."...the public interest)
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To: Cincinatus' Wife

Y’know, that’s why they quit making electrics in the first place... too expensive, not enough performance.


28 posted on 09/10/2012 6:52:33 AM PDT by Oberon (Big Brutha Be Watchin'.)
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To: Red Badger

I’d pull the battery pack just in case. :)


29 posted on 09/10/2012 6:54:16 AM PDT by Abathar (Proudly posting without reading the article carefully since 2004)
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To: commish
....They even push it furthur with the vehicles — Chris drives a Tesla, Bobby has a Hybrid Chevy (not sure of model) and his wife drives a VOLT -— JR is chauffered in a huge Tahoe, and John Ross drives a Corvette.....

About as subtle as Al Gore and his "Inconvenient "Truth"".

30 posted on 09/10/2012 6:57:50 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife; pookie18; Nachum

This is a job for...

http://www.themorlockrevolt.com/2012/09/comic-book-paul-ryan-norse-god-of-math.html

BTW, check out chart here (scroll down); As well as the story in today’s group from ZH (Zero Hedge) on upcoming unemployment numbers next round.

http://directorblue.blogspot.com/

OT Stuff/ 110 dead in Iraq, Plant Pizza Guy, etc.

http://www.thegatewaypundit.com/


31 posted on 09/10/2012 6:59:08 AM PDT by AliVeritas (God's will be done. Pray, Pray, Pray, Penance, Penance, Penance.)
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To: ImJustAnotherOkie

-——At 85 it’s not going very far.-——

That’s what I thought especially since he was on I 40 and headed into the mountains : )


32 posted on 09/10/2012 7:03:01 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
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To: TurboZamboni

Dear Gummint Answer Man: If I buy a Volt and take all the tax credits and rebates - how does this affect my “Fair Share” Signed, Joe Taxpayer.

Answer:
Joe TP - Since WE determine what is “fair” you’re good to go! Buy! Spend! It’s like paying yourself!


33 posted on 09/10/2012 7:03:58 AM PDT by bigbob
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To: NY.SS-Bar9

No easy task. Drop a screwdriver in the wrong place it’s Zap City.


34 posted on 09/10/2012 7:04:15 AM PDT by ImJustAnotherOkie (zerogottago)
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To: Abathar

....and store it in a separate building.........like one you wouldn’t mind if it burned down......


35 posted on 09/10/2012 7:04:56 AM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: rbg81

They can raise the CAFE standards all they want, but as long as the 2nd Law of Thermodynamics is in force it will do them no good.......


36 posted on 09/10/2012 7:07:07 AM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: GladesGuru
Only if it is kept well away from any flammable part of your home - seems Gubbamn’t Motors built a mobile fire bomb.

Well, they have to revive the Housing Industry somehow if they want to grow the economy........two birds, one stone......

37 posted on 09/10/2012 7:08:54 AM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: Cincinatus' Wife

Yeah, but they’ll get $84000 when they sell it used.


38 posted on 09/10/2012 7:16:18 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: bert
They should call it a FORD.

Found On the Road Discharged.

39 posted on 09/10/2012 7:35:29 AM PDT by ImJustAnotherOkie (zerogottago)
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To: AliVeritas
Thanks for the Ryan comics, Ali! Will rerun L8R in the week...


40 posted on 09/10/2012 8:13:21 AM PDT by pookie18 (...OK, plan C: Newt or Rick...I guess it's plan D now)
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