Skip to comments.GM losing as much as $49,000 per Volt sold
Posted on 09/10/2012 7:18:40 PM PDT by presidio9Edited 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.
LOL! Okay - yes, it did. Didn’t get the tone from the text. :-)
They lose a little on every sale but make it up on volume.
So you are saying that our President, of whatever party, should not get maximum protection from terrorists. That kind of “patriotism” is not what my son is fighting in Afghanistan to protect.
I know of no person, not currently institutionalized in a mental facility, that ever thought that Government Motors would make a profit on the Volt. I don’t think even Government Motors thought they could make a profit, it was produced only to satisfy the demands of the “anointed ones”.
Please tell me you can photoshop the Dukakis tank helmet on this picture of Barry in a shiny new Volt.
Yep. They're losing $49K on one car, but multiply that by 100,000 and you get...PROFIT!
Taxpayers losing $49,000 on every Volt sold/leased
They are losing money big time
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I certainly hope he (al baby) ‘forgot’ the s/s/ sign.
Like Catch 22 and the eggs.
The ‘syndicate’ was buying eggs for say .04 each, selling them back to the Army for .03 and was making money because they had the monopoly.
And don’t forger nazipelosi saying that for every dollar of welfare/unemployment etc, they had a return of 1.70 or something like that... (hard to keep all this crazy shiite straight)...<:
J. Heller, like Ayn Rand, Chester Gould, Jules Verne etal were years ahead of themselves and their times.
Damn “green revolution” nonsense. It’ll be the death of us.
Correct. George W. Bush (and his family) rode around in the very same car, and I don't recall even the environmentalists complaining about the gas mileage.
Talk about a loss leader
. The Volt, is a government product, with no economic goal in mind. It is as if a company were to dream up a concept car and then rush it into mass production. It is no damn good. Probably take years to work out the kinks.
How about we all go lease a Volt, right now and bankrupt that company for good. heh
GM’s CEO would have a cow if there were a million Volt orders in the morning. lol. He’d just declare bankruptcy.
Is there still a federal tax credit for these things?
Can you get that tax credit for a LEASED Volt?
The Pentagon is buying Chevrolet Volts to help green up the militarywhile propping up sales of the bailed-out automakers most politicized car.
The Department of Defense began purchasing the struggling luxury electric car, which retails at $40,000, this summer as part of its goal to purchase 1,500 such green vehicles. The Marine Corps Air Station in Miramar, Calif. purchased its first two Volts in July, and 18 more vehicles will come shortly to Joint Base Andrews in Maryland, where Air Force One is based, according to military magazine Stars and Stripes.
Um, because Ford, Nisan, and CODA all make electic vehicles that have twice as much range and cost less money?
The GM bailout was all about saving out UAW and CAW so they could order their members to re-elect Obama and then get back to the buisness of destroying GM with unrealist pension and benefits demands.
The unfortunate fact is that people ARE working to kill the president and his family every day. He deserves every bit of protection he gets. If the left had bitched about the gas mileage of the presidential limo when Bush was in office, you might have a point. But they didn’t, so you don’t.