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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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To: presidio9; al baby

LOL! Okay - yes, it did. Didn’t get the tone from the text. :-)


21 posted on 09/10/2012 7:34:34 PM PDT by Republican Wildcat
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To: presidio9

They lose a little on every sale but make it up on volume.


22 posted on 09/10/2012 7:34:46 PM PDT by stevem
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To: 2ndDivisionVet; All

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.


23 posted on 09/10/2012 7:36:13 PM PDT by gleeaikin
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To: presidio9
GM or the US Taxpayers???
24 posted on 09/10/2012 7:37:03 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: presidio9

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”.


25 posted on 09/10/2012 7:37:24 PM PDT by RetiredTexasVet (Skittle pooping unicorns are more common than progressives with honor & integrity.)
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To: Slings and Arrows

Please tell me you can photoshop the Dukakis tank helmet on this picture of Barry in a shiny new Volt.

26 posted on 09/10/2012 7:37:24 PM PDT by presidio9 (Islam is as Islam does.)
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To: al baby
...they are making it up by volume...

Yep. They're losing $49K on one car, but multiply that by 100,000 and you get...PROFIT!

27 posted on 09/10/2012 7:37:39 PM PDT by Billthedrill
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To: presidio9

Taxpayers losing $49,000 on every Volt sold/leased


28 posted on 09/10/2012 7:39:00 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: Republican Wildcat; al baby

They are losing money big time
= = = = = = = = = = = = = =
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.


29 posted on 09/10/2012 7:39:41 PM PDT by xrmusn (6/98 "It is virtually impossible to clean the pond as long as the pigs are still crapping in it")
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To: presidio9

Damn “green revolution” nonsense. It’ll be the death of us.


30 posted on 09/10/2012 7:40:45 PM PDT by youngidiot (The name's Bond. James Bond. James Bond Jovi.)
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To: gleeaikin

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.

31 posted on 09/10/2012 7:41:11 PM PDT by presidio9 (Islam is as Islam does.)
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To: presidio9

Talk about a loss leader


32 posted on 09/10/2012 7:41:11 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

. 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.


33 posted on 09/10/2012 7:43:45 PM PDT by RobbyS (Christus rex.)
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To: presidio9

How about we all go lease a Volt, right now and bankrupt that company for good. heh


34 posted on 09/10/2012 7:43:46 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: gleeaikin
I don't think that any president of this Republic is a Roman Emperor, German Kaiser or Egyptian Pharaoh. No other world leader has anywhere near the accouterments of a modern US president, not even close. Having worked for the executive and been a bodyguard, I know how much of that is grandiosity, waste and gold-plating. And what in the world does your son in Afghanistan have to do with this discussion? I thank him for serving, but again, I don't see how he fits in here.
35 posted on 09/10/2012 7:44:18 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: TexasFreeper2009

GM’s CEO would have a cow if there were a million Volt orders in the morning. lol. He’d just declare bankruptcy.


36 posted on 09/10/2012 7:44:51 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: presidio9; All

Is there still a federal tax credit for these things?

Can you get that tax credit for a LEASED Volt?


37 posted on 09/10/2012 7:52:00 PM PDT by Kansas58
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To: presidio9

http://freebeacon.com/great-green-car-fleet/

The Pentagon is buying Chevrolet Volts to help “green up” the military—while propping up sales of the bailed-out automaker’s 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.


38 posted on 09/10/2012 7:53:03 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: GeronL
How about we all go lease a Volt, right now and bankrupt that company for good. heh

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.

39 posted on 09/10/2012 7:56:50 PM PDT by presidio9 (Islam is as Islam does.)
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To: 2ndDivisionVet

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.


40 posted on 09/10/2012 8:00:00 PM PDT by presidio9 (Islam is as Islam does.)
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To: presidio9

“too big to fail”

http://ycharts.com/companies/TM/market_cap

Toyota: 129 billion

http://ycharts.com/companies/GM/enterprise_value

GM: 39 billion

I don’t know if the 39 billion figure include their debt—not just to the government but pension obligations owed to their retirees. I believe Apple is worth more than GM.

Generous Motors is basically a pension fund that turns out some cars that don’t sell very well.
Why should they worry—like the rest of us, excepting California—about failing if they know the rest of us will step in and bail them out ... again?


41 posted on 09/10/2012 8:01:09 PM PDT by tumblindice (Sic Semper Tyrannis)
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To: presidio9

the billions wasted on the volt coild of gone to much better use. GM should of brought back the Camaro generations of the late 70’s and 80’s. Just like what they did with bringing back the 69 camaro.There was a time in the 80’s when one of the most stolen vehicle was a 1984 Camaro.The 1985(and onward) IROC-Z was a badass car! If Chevy could bring back the 1984/85 and 79/80/81 Camaro back,they would MAKE A PROFIT! Instead they wasted Billions on the Volt! I have always wanted a new IROC-Z !!! and to think they were only a mere $15,000.00 in 1985.


42 posted on 09/10/2012 8:04:19 PM PDT by Ryan_Rubio_2016
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To: presidio9; Daffynition; martin_fierro
Please tell me you can photoshop the Dukakis tank helmet on this picture of Barry in a shiny new Volt

I have no photoshop skills whatsoever, but I know a few people who do.

43 posted on 09/10/2012 8:04:56 PM PDT by Slings and Arrows (You can't have IngSoc without an Emmanuel Goldstein.)
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To: Slings and Arrows

I have no photoshop skills whatsoever, but I know a few people who do.

Geeze, is there anything you ARE good at?

44 posted on 09/10/2012 8:08:15 PM PDT by presidio9 (Islam is as Islam does.)
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To: presidio9

This is a huge “success” for Obama, who defines that word based on how much money the government spends.


45 posted on 09/10/2012 8:13:42 PM PDT by grundle
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To: presidio9

NBC is reporting this?
Holy Cow!


46 posted on 09/10/2012 8:15:33 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: presidio9

Everything we do presently, whether it be welfare, food stamps, billion dollar bombers, 3 meals a day for “poor” kids in schools, six figure salaries for almost all bureaucrats above the entry-level, etc. are unsustainable. That includes the current level of ostentatious living for the president, vice president, cabinet, supreme court justices and congress. If you had an inkling of how they live you’d probably agree with me. We cannot go on like this. We can safeguard them without anywhere near our present spending. For instance, why does Michelle Obama need a high-paid staff of almost 30 people? Throughout history, most first ladies had NONE at all. Jackie Kennedy paid her social secretary out of her own pocket, IIRC. Mr. Lincoln ran the entire Civil War with two clerks, also paid for by him. Did Nancy Pelosi need better transport than President Reagan had?


47 posted on 09/10/2012 8:16:33 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
" GM is still losing as much as $49,000 on each Volt it build"

But at least the planet is being saved.


48 posted on 09/10/2012 8:16:52 PM PDT by garjog (We do not want another four more years of the last four years.)
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To: al baby

Bankrupting America one subsidy at a time.


49 posted on 09/10/2012 8:18:24 PM PDT by BipolarBob (Biden: "HOPE and CHAINS for all 57 states".)
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To: 2ndDivisionVet
We can safeguard them without anywhere near our present spending. For instance, why does Michelle Obama need a high-paid staff of almost 30 people? Throughout history, most first ladies had NONE at all. Jackie Kennedy paid her social secretary out of her own pocket, IIRC. Mr. Lincoln ran the entire Civil War with two clerks, also paid for by him. Did Nancy Pelosi need better transport than President Reagan had?

You are making zero sense here. Zero.

Mrs. Obama's "staff" is not her security detail, President Licoln WAS assassinated, and Nancy Pelosi does not work in the White House. If you have a point to make, you'll have to try a bit harder than that.

50 posted on 09/10/2012 8:20:18 PM PDT by presidio9 (Islam is as Islam does.)
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