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Insight: GM's Volt: The ugly math of low sales, high costs
Reuters ^ | 9/10/12 | Bernie Woodall and Paul Lienert and Ben Klayman

Posted on 09/10/2012 5:03:05 PM PDT by Impala64ssa

(Reuters) - 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.

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


TOPICS: Business/Economy; News/Current Events
KEYWORDS: automotive; generalmotors; gm; governmentmotors; govtmotors; volt

1 posted on 09/10/2012 5:03:14 PM PDT by Impala64ssa
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To: Impala64ssa

The current price is so shocking it isn’t surprising it fell short of expectations and no one took it ohm.


2 posted on 09/10/2012 5:07:28 PM PDT by freedumb2003 (obozo could bring back literal slavery with chains and still he will get 97+% of the black vote)
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To: Impala64ssa

Serving the phony god’s of AGW is a costly biatch.


3 posted on 09/10/2012 5:08:00 PM PDT by Puckster
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To: freedumb2003

My resistance to replying has broken down; you’ll probably catch a lot of static if you don’t amp-up the quality of your comments.


4 posted on 09/10/2012 5:09:44 PM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: Impala64ssa

FOR SALE: Used Chevy Volt: Free of Charge.


5 posted on 09/10/2012 5:10:59 PM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: Impala64ssa

Sadly, the Volt is my husband’s company car that he has to drive...I don’t even like getting in the darn thing and neither does he!!! (I will let you guess what company it is.)


6 posted on 09/10/2012 5:15:09 PM PDT by MasonGal
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To: Izzy Dunne

With a battery of statements like that, you seem a little negative.

In person I am sure you are a live wire and a lot more positive!


7 posted on 09/10/2012 5:16:44 PM PDT by freedumb2003 (obozo could bring back literal slavery with chains and still he will get 97+% of the black vote)
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To: MasonGal

>>(I will let you guess what company it is.<<

You don’t want make a plug for it?


8 posted on 09/10/2012 5:18:32 PM PDT by freedumb2003 (obozo could bring back literal slavery with chains and still he will get 97+% of the black vote)
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To: Impala64ssa; All

9 posted on 09/10/2012 5:18:39 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Impala64ssa

There is one in my neighborhood but I think it is someone from a dealership who drives it home from time to time. I did not pay much attention to the car until I noticed the big black charging cord coming out of the side in front of the drivers door and running into the garage.


10 posted on 09/10/2012 5:19:57 PM PDT by Parley Baer
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To: freedumb2003
The current price is so shocking it isn’t surprising it fell short of expectations and no one took it ohm.

Customer reactance just hasn't been good at all. The Volt is not resonating with the public.

11 posted on 09/10/2012 5:20:36 PM PDT by Bob
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To: MasonGal

You can lease one now for $299 mo. I don’t see how they can make any money on that. Right now, I probably spend close to $200 a month just on gas, and I’m not driving a gas guzzler either.


12 posted on 09/10/2012 5:22:07 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: Izzy Dunne

You are discharged from this thread.


13 posted on 09/10/2012 5:25:06 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: Parley Baer

Smart man. That have/had a nasty habit of catching fire while charging or just parked.


14 posted on 09/10/2012 5:26:04 PM PDT by matt04
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To: smokingfrog
You are discharged from this thread.

My first ZOT ?

15 posted on 09/10/2012 5:29:17 PM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: MasonGal; All

Is it HF or FD????


16 posted on 09/10/2012 5:31:37 PM PDT by KevinDavis (Romney / Ryan 2012)
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To: Izzy Dunne
Don't make me call the Pun Polizia.


17 posted on 09/10/2012 5:43:25 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: Impala64ssa

Your pun is revolting. ABC is claiming you can lease a Volt for $5000 for two years. $200 per month for an $89,000 car! Only makes sense using the brilliant math of Three Letter Joe Biden.

Just wait for the health care ‘bargains’.


18 posted on 09/10/2012 5:45:11 PM PDT by arkady_renko
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To: Impala64ssa
What Reuters failed to mention is the taint of Obama & the unfair (illegal?) reorganization of GM in favor of the UAW & to the detriment of everybody else.

GM made a pact with the Devil & I'm not going to support it in any way. I imagine many feel the way I do. I wouldn't drive a Volt if it was given to me.

19 posted on 09/10/2012 5:45:47 PM PDT by Mister Da (The mark of a wise man is not what he knows, but what he knows he doesn't know!)
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To: KevinDavis

_E


20 posted on 09/10/2012 5:49:10 PM PDT by MasonGal
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To: freedumb2003

>>You don’t want make a plug for it?<<

No - not really..:-)


21 posted on 09/10/2012 5:50:39 PM PDT by MasonGal
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To: MasonGal

Socket to him, MasonGal!


22 posted on 09/10/2012 6:08:30 PM PDT by arkady_renko
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To: Mister Da

“GM made a pact with the Devil & I’m not going to support it in any way.”

Exactly how I feel!!!

We just ordered a 2013 family sedan, and for damn sure it’s not a GM or Chrysler product, nor a hybrid.


23 posted on 09/10/2012 6:09:09 PM PDT by redfreedom (Just a simpleton enjoying the freedoms a fly-over/red state has to offer.)
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To: Impala64ssa

Let’s see...lose money on every car you manage to sell. Barry, what a great business plan! Absolutely brilliant!


24 posted on 09/10/2012 6:11:19 PM PDT by JPG (Make it happen.)
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To: Impala64ssa

If I understand this correctly. The care sells for $40,000

The Government gives you back a $10,000 dollar rebate on that car, and GM still loses $49,000 dolars a car?

Now that’s OBAMANOMICS.

They call this clown SMART?


25 posted on 09/10/2012 6:11:19 PM PDT by Venturer
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To: Impala64ssa

If I understand this correctly. The car sells for $40,000

The Government gives you back a $10,000 dollar rebate on that car, and GM still loses $49,000 dolars a car?

Now that’s OBAMANOMICS.

They call this clown SMART?


26 posted on 09/10/2012 6:11:31 PM PDT by Venturer
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To: Impala64ssa

I have never seen a Volt on the road. It sells that well.


27 posted on 09/10/2012 6:24:38 PM PDT by ilgipper
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To: Impala64ssa

I was waiting for Solyndra to throw in some free solar panels for the house before I make the jump.


28 posted on 09/10/2012 6:27:08 PM PDT by Dogbert41 ("...The people of Jerusalem are strong, because the Lord Almighty is their God" Zech. 12:5)
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Every time I see a dolt, I feel compelled to hide a wire somewhere between hot and frame with a nice resistor on it.


29 posted on 09/10/2012 6:36:51 PM PDT by dsrtsage (One half of all people have below average IQ. In the US the number is 54%)
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To: All

Keep it up, y’all - I just love reading about current events.


30 posted on 09/10/2012 7:11:06 PM PDT by Charles Martel (Endeavor to persevere...)
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To: Impala64ssa

“GM is Alive...” Just like Bernie in Weekend at Bernies.


31 posted on 09/10/2012 7:37:46 PM PDT by Republican Wildcat
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To: Venturer

But of course - adding more to the negative side of the economic balance sheet than you do to the positive side of the balance sheet is how you obtain long term economic growth. Same way if you are having trouble with your current mortgage - the solution is to take out another mortgage so you have two to pay to improve your financial situation.


32 posted on 09/10/2012 7:40:45 PM PDT by Republican Wildcat
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To: Impala64ssa
Let's get serious and realistic:

The US Federal Government, using taxpayer money, bought General Motors Co sold a record number of Chevrolet Volt sedans in August.

Betcha by now Chevy wishes it had never come up with the Volt. Whatta kludge.

33 posted on 09/10/2012 7:50:39 PM PDT by upchuck (If nobama is reelected and gets to choose more SCOTUS judges, this country is finished.)
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To: Impala64ssa

To Obama, selling things for more than they cost is “success.” He loves screwing the taxpayers.


34 posted on 09/10/2012 8:20:28 PM PDT by grundle
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To: JPG
Let’s see...lose money on every car you manage to sell. Barry, what a great business plan! Absolutely brilliant!

This is a continuation in the long history of brilliant business decisions by government... Nearly as awesome as when the US government took over the Mustang Ranch, the legal NV brothel, after Joe Conforte's conviction. This was one of the most wildly profitable businesses in the state of Nevada. And the government ran it right into the ground. The US government LOST MONEY SELLING SEX!!!!!

Mark

35 posted on 09/10/2012 9:03:24 PM PDT by MarkL (Do I really look like a guy with a plan?)
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