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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
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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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