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.
Obamanomics, losing money to save Detroit...
I guess they are forcing the Pentagon to buy up this crap. Nice.
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?
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.
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.
Correction: Not saving Detriot. Saving the auto unions, which live to bite the hand that feeds them another day.
You people crack me up they are making it up by volume
this actually makes me want to buy one of those pieces of crud!
make GM go under faster!
Where are you getting that from the content of the article? They are losing money big time.
I love watching Obama fail.
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.
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!
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.
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
= = = = = = = = = = = = = =
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.
“too big to fail”
Toyota: 129 billion
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?
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.
I have no photoshop skills whatsoever, but I know a few people who do.
I have no photoshop skills whatsoever, but I know a few people who do.
Geeze, is there anything you ARE good at?
This is a huge “success” for Obama, who defines that word based on how much money the government spends.
NBC is reporting this?
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?
But at least the planet is being saved.
Bankrupting America one subsidy at a time.
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.