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GM losing as much as $49,000 per Volt sold
NBC News ^ | September 10, 2012

Posted on 09/10/2012 7:18:40 PM PDT by presidio9

Edited on 09/10/2012 7:23:15 PM PDT by Admin Moderator. [history]

General Motors 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.


TOPICS: Business/Economy; Front Page News; Government
KEYWORDS: caw; chevy; chevyvolt; electriccarsburncoal; gm; governmentmotors; govtmotors; makingitupbyvolume; msmwillburythis; tobigtofail; tradeunionwelfare; uaw
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1 posted on 09/10/2012 7:18:42 PM PDT by presidio9
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To: presidio9

Obamanomics, losing money to save Detroit...


2 posted on 09/10/2012 7:21:34 PM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: presidio9

I guess they are forcing the Pentagon to buy up this crap. Nice.


3 posted on 09/10/2012 7:21:41 PM PDT by FlingWingFlyer (Diversity and political correctness. The real reason 09-11-01 happened.)
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To: presidio9

This is Joe Biden’s example of economic success - losing tens of thousands of dollars per unit.

If this is what it means for GM to be “alive”...what about the other part of that slogan?


4 posted on 09/10/2012 7:21:56 PM PDT by Republican Wildcat
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To: presidio9

So why not lose 75,000/car instead, and make it affordable?

Heck, why stop there?

How about 90K / car subsidy?

I might even buy one. Just make it affordable.


5 posted on 09/10/2012 7:23:58 PM PDT by Cringing Negativism Network (America doesn't need any new laws. America needs freedom!)
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To: presidio9

What a terrible sick joke. Greta did just do about 3-4 minutes on this...same figures in the posted article.

At least this and Solyndra has the greenies pretty much shuttin’ up presently. But GOP needs to hammer on this.


6 posted on 09/10/2012 7:24:06 PM PDT by BonRad
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To: Hotlanta Mike; FlingWingFlyer; Republican Wildcat


7 posted on 09/10/2012 7:24:40 PM PDT by presidio9 (Islam is as Islam does.)
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To: Hotlanta Mike
Obamanomics, losing money to save Detroit...

Correction: Not saving Detriot. Saving the auto unions, which live to bite the hand that feeds them another day.

8 posted on 09/10/2012 7:26:21 PM PDT by presidio9 (Islam is as Islam does.)
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To: presidio9

You people crack me up they are making it up by volume


9 posted on 09/10/2012 7:27:04 PM PDT by al baby (“If Barack Obama has a Harvard law degree, he didn’t earn that. Somebody else made that happen.”)
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To: presidio9



10 posted on 09/10/2012 7:27:28 PM PDT by tomkat
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To: presidio9

lol

this actually makes me want to buy one of those pieces of crud!

make GM go under faster!


11 posted on 09/10/2012 7:28:45 PM PDT by TexasFreeper2009 (Obama lied .. the economy died.)
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To: al baby

Where are you getting that from the content of the article? They are losing money big time.


12 posted on 09/10/2012 7:30:08 PM PDT by Republican Wildcat
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To: presidio9

I love watching Obama fail.


13 posted on 09/10/2012 7:30:08 PM PDT by Gator113 (I would have voted for NEWT, now it's Ryan and the other guy.~Just livin' life, my way~)
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To: presidio9

Notice that Mr. Obama doesn’t have a Chevy Volt type limousine that he rides around in? His automobile starts out as a truck and is modified to look like a Cadillac, with more armor than most light tanks and a pressurized interior, run-flat tires, world-class communications gear and much more. I’d be surprised if it gets 5 mpg. And he mocks Gov. Romney having a car elevator. Well, Mitt paid for that gizmo out of his own pocket, Mr. Obama gets everything paid for by us.


14 posted on 09/10/2012 7:30:50 PM PDT by 2ndDivisionVet (You cannot invade the mainland United States. There would be a rifle behind every blade of grass.)
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To: presidio9

Volt BHO


15 posted on 09/10/2012 7:32:19 PM PDT by FrankR (They will become our ultimate masters the day we surrender the 2nd Amendment.)
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To: Republican Wildcat; al baby

16 posted on 09/10/2012 7:32:26 PM PDT by presidio9 (Islam is as Islam does.)
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To: al baby

Eggsackly, my FRiend! These rubes just don’t understand Obamanomics. Why, just look at some great companies from the past - like Webvan, Pets.com, or eToys! They proved it doesn’t matter if you make any money so long as you make it up in volume...and look at how great the economy was then, Bill Clinton just bragged about it the other night!


17 posted on 09/10/2012 7:32:33 PM PDT by bigbob
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To: presidio9
Wow - there she is - then Gov. Jenny Granholm! The woman that inspired Time magazine to speculate on removal of the natural born citizen requirement for... well, at the start of her tenure as Michigan Governor. At the end, well...
18 posted on 09/10/2012 7:32:49 PM PDT by Wally_Kalbacken
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To: presidio9

Well we all know that the purpose of a company is to provide jobs and save the environment. Profits are evil. That is what we have been told for decades.


19 posted on 09/10/2012 7:34:11 PM PDT by albionin
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To: al baby
You people crack me up they are making it up by volume

Lol!

20 posted on 09/10/2012 7:34:18 PM PDT by FreedomOfExpression
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