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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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To: presidio9

This is an NBC story. There are also probably other reasons to disregard the story.


51 posted on 09/10/2012 8:25:59 PM PDT by Rembrandt (Part of the 51% who pay Federal taxes)
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To: presidio9

They’re losing $49,000 on every volt sold, but they’re making it up in volume...

Mark


52 posted on 09/10/2012 8:26:22 PM PDT by MarkL (Do I really look like a guy with a plan?)
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To: presidio9

The Democrats’ GM Fiction

http://www.nationalreview.com/articles/316379/democrats-gm-fiction-editors#


53 posted on 09/10/2012 8:29:06 PM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: MarkL

RTFT

Fourth time I heard that joke today, and it’s still feaking hilarious.


54 posted on 09/10/2012 8:29:39 PM PDT by presidio9 (Islam is as Islam does.)
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To: All

55 posted on 09/10/2012 8:32:43 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: Billthedrill
Yep. They're losing $49K on one car, but multiply that by 100,000 and you get...PROFIT!

When the government and UAW broke the law and stole GM from the bond holders, not only did they get rid of the CEO, they got rid of the entire accounting department, and replaced them with the Underpants Gnomes!

Mark

56 posted on 09/10/2012 8:33:35 PM PDT by MarkL (Do I really look like a guy with a plan?)
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To: presidio9

The comments at the Original article are dispiriting.

This country has lost it’s collective mind.


57 posted on 09/10/2012 8:37:29 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: MarkL; Billthedrill

58 posted on 09/10/2012 8:40:56 PM PDT by presidio9 (Islam is as Islam does.)
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To: presidio9

Your right Ford and Nissan are better options.

what is a CODA?


59 posted on 09/10/2012 8:45:16 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: RobbyS
The “Volt,” is a government product, with no economic goal in mind.

It is a perfect example of "central planning," one of the core tenets of both socialism and communism.

It means you have people who don't have the faintest idea of what they're doing designing products and implementing production levels of those products without taking into consideration what the consumer wants or needs, i.e. ignoring the idea of markets. They believe they know what the wants and needs of the public are. More to the point, they have a specific goal in mind before they begin, and then build the product to meet the goal, markets be damned.

Mark

60 posted on 09/10/2012 8:45:43 PM PDT by MarkL (Do I really look like a guy with a plan?)
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To: musicman

That there is funny.


61 posted on 09/10/2012 8:50:52 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: mylife
"GM is lead by hard core conservatives and their decisions have nothing to do with Obama. They have been making these kinds of bad decisions for over 30 years now. Tesla makes an entire electric run car for that same price and it is much better. It is just bad business on GM's part. They will just be selected out or have to adapt." -krohleder

If my memory serves me, GM started making the Volt because California told them they had to, or they wouldn't be allowed to sell ANY cars in that state. The Obama Administration FIRED Rick Wagoner when it took over GM in 2009. The company is currently run by Dan Akerson, a man hand selected by the Obama Administration, and a corporate CEO who makes far more donations to liberal politicians than conservative ones.

62 posted on 09/10/2012 8:51:15 PM PDT by presidio9 (Islam is as Islam does.)
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To: Hotlanta Mike

Shocking.


63 posted on 09/10/2012 8:52:15 PM PDT by 867V309
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To: musicman

LOL! Great pic.


64 posted on 09/10/2012 8:53:35 PM PDT by SaraJohnson
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To: presidio9

Why are you attributing that quote to me?


65 posted on 09/10/2012 8:53:47 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: presidio9

Who told it best?


66 posted on 09/10/2012 8:56:15 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

No, Americans are losing as much as $49,000 per Volt


67 posted on 09/10/2012 8:56:37 PM PDT by InvisibleChurch (the mature Christian is almost impossible to offend)
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To: presidio9

Who told it best?


68 posted on 09/10/2012 8:56:37 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

Who told it best?


69 posted on 09/10/2012 8:56:37 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

Who told it best?


70 posted on 09/10/2012 8:56:47 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

All I know is the Chevy cruz is the same platform and gets 42 MPH with a price tag of $16K.

Effa chevy volt!


71 posted on 09/10/2012 8:56:47 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: presidio9

Who told it best?


72 posted on 09/10/2012 8:56:52 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

Who told it best?


73 posted on 09/10/2012 8:56:56 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
 
 
Actually saw one of those last month - had to take a photo for posterity - it was like spotting a Sasquatch or the Loch Ness monster.
 
 
 
 

74 posted on 09/10/2012 9:00:15 PM PDT by lapsus calami (What's that stink? Code Pink ! ! And their buddy Murtha, too!)
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To: al baby
Who told it best?

My first guess would be Henny Youngman.

You ASKED the most times, if that helps...

75 posted on 09/10/2012 9:03:34 PM PDT by presidio9 (Islam is as Islam does.)
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To: mylife
krohleder? Is that you? What are you doing on this website?
76 posted on 09/10/2012 9:05:28 PM PDT by presidio9 (Islam is as Islam does.)
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To: lapsus calami

The town where I live has a terrible "smug" problem. It also has a "jet set liberals problem." So you see a lot of this.

77 posted on 09/10/2012 9:09:40 PM PDT by presidio9 (Islam is as Islam does.)
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To: al baby
You people crack me up they are making it up by volume

You don't "make it up by volume" when you lose per unit sold. When you lose per unit, you dig the whole deeper with each unit! God damn Gubmint Motors! Its corporate soul is stolen property!

"Make it up by volume" implies you invested a ton in the means of production, and now you hope to make it all back and then some a helluva lot by making a modest sum on each unit sold. Think Steve Jobs.

78 posted on 09/10/2012 9:18:09 PM PDT by cynwoody
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To: presidio9

LOL
Sorry, I just wasn’t following you.


79 posted on 09/10/2012 9:18:09 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Cringing Negativism Network

“I might even buy one. Just make it affordable.”

I spent this past weekend working the Grand Am at Laguna Seca with a gentleman who has owned a Volt for more than a year and commutes 125 miles a day in it. He is an IT guy so he knows computers and he told me that he has accumulated his costs for gas and electricity and figures that it equates to buying gas at $1.41 per gallon. The car has not had any service issues.


80 posted on 09/10/2012 9:19:04 PM PDT by vette6387
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To: Kansas58

>”Can you get that Tax Credit for a LEASED Volt?”<

No, the Leasing Company gets the Tax Credit because they own the Car. Earlier this year GM had a ZERO DOWN 36 Month Lease on the Volt for $275 a Month.

No way the numbers work for a $42,000 Car at that Payment. The $7500 Tax Credit is the only thing that made it possible.

Everyone who owns / leases a Volt should put a big THANK YOU TAXPAYERS sticker in the rear window,


81 posted on 09/10/2012 9:21:55 PM PDT by Kickass Conservative (Republicans Hope people are Smart, but Democrats Know people are Stupid.)
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To: lapsus calami
In Southern California you see Volts every day. What you never see is Snow. Hmmmmmmmmmmm...
82 posted on 09/10/2012 9:25:58 PM PDT by Kickass Conservative (Republicans Hope people are Smart, but Democrats Know people are Stupid.)
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To: 2ndDivisionVet

“The Beast,” as Obama’s limo is called, officially gets 8 mpg.


83 posted on 09/10/2012 9:35:35 PM PDT by newzjunkey (Election night is 57 days away.)
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To: presidio9
Actually they didn't. The current limo debuted at Obama's inauguration.

Presumably Romney may get a new one as well in January.

84 posted on 09/10/2012 9:37:35 PM PDT by newzjunkey (Election night is 57 days away.)
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To: al baby
You people crack me up they are making it up by volume

Al, baby, aren't you embarrassed over saying something this stupid?

If there is a net loss per unit , you can never make it up by volume. For instance, if something costs $10,000 and it's sold for $10,001, the dollar over isn't going to be "making it up by volume" after 10,000 units are sold. If the unit costs $10,000 and it sells for $10,001 dollars, the costs are made up immediately by the first $10,000 of the selling price. The $1, being a receipt in excess of cost, is profit. Costs are never made up on volume. They are only made up only by the individual sale. If the company can sell it for less than the cost per unit and still make a profit, it's because the company is giving up profit on something else that it sells.
85 posted on 09/10/2012 9:39:37 PM PDT by aruanan
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To: aruanan; al baby
Aren't we all getting just a little wound up over an off the cuff humorous comment? I got a chuckle out of it, geez.

What's the standard term here, Lighten Up Francis?

86 posted on 09/10/2012 9:52:51 PM PDT by Kickass Conservative (Republicans Hope people are Smart, but Democrats Know people are Stupid.)
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To: newzjunkey

Then I wasn’t far off, was I? And since it probably runs on $40/gal. biodisel, that adds up.


87 posted on 09/10/2012 9:54:33 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: vette6387

I can run my 1984 on used fryer grease after straining and reformulation for about eighty cents a gallon and never go near a gas station or electric plug.

88 posted on 09/10/2012 10:00:35 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: bigbob

...and look at how great the economy was then, Bill Clinton just bragged about it the other night!


You mean the dot.com bust that lead to the recession that GWB “inherited” when he entered office in 2001?


89 posted on 09/10/2012 10:30:40 PM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: grundle

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


It’s not “spending”, it’s “investing” according to Obama.


90 posted on 09/10/2012 10:32:17 PM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: lapsus calami

It shames me that that thing has a Texas license plate on it.


91 posted on 09/10/2012 10:50:05 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: presidio9
President Lincoln was assassinated by a circle of Confederate agents and sympathizers before we had any real security for the chief executive. That was a long time ago. Now we've gone too far the other way. You obviously think that the person of the leader of the USA is so valuable that we should spend billions of our scarce resources to keep him and his family from any harm. I think he should get the same protection as a Fortune 100 CEO, but no more than that. No one is irreplaceable, not you, me or him.
92 posted on 09/10/2012 10:53:02 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

NBC isn’t the smartest. GM is losing $49k on each Volt sold due to high development costs and fixed costs. Does NBC think if they sold ZERO Volts they’d lose $0???? The volume is too low given the fixed production costs and development costs. GM needs to sell more, much more. But the market doesn’t exist. So expect obamugabe to force sales to drive down unit costs and reduce losses. It is very unlikely GM is losing $49k per car due to variable production costs.


93 posted on 09/11/2012 4:14:48 AM PDT by Bobloblaw2012
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To: Kickass Conservative
Aren't we all getting just a little wound up over an off the cuff humorous comment? I got a chuckle out of it, geez.

What's the standard term here, Lighten Up Francis?


No, given the near brain stem level of economic illiteracy that pervades the nation (and is manifested in Congress, the national debt, and economic politards like Obama), it's not getting just a little wound up and every opportunity, even those some, mysteriously, think are humorous, has to be capitalized on.
94 posted on 09/11/2012 7:57:51 AM PDT by aruanan
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To: aruanan

Not embarrassed at all i wanted to get a nibble and i caught my limit. I was being sarcastic


95 posted on 09/11/2012 8:12:29 AM 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: aruanan; al baby
I believe we are among FRiends here who would see such a comment as a sarcastic take on the thought processes of the Liberal mind.

Sometimes we take things just a little bit too literally around here. Just my opinion.

But whatever you say...

96 posted on 09/11/2012 8:38:39 AM PDT by Kickass Conservative (Republicans Hope people are Smart, but Democrats Know people are Stupid.)
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To: 2ndDivisionVet
President Lincoln was assassinated by a circle of Confederate agents and sympathizers before we had any real security for the chief executive. That was a long time ago. Now we've gone too far the other way. You obviously think that the person of the leader of the USA is so valuable that we should spend billions of our scarce resources to keep him and his family from any harm. I think he should get the same protection as a Fortune 100 CEO, but no more than that. No one is irreplaceable, not you, me or him.

I can't believe I allowed myself to get drawn into your bizarre little world again, but here I am. Yours is apparently a diseased mind that finds happiness in arguing. I realize that I am never going to fix that.

I will however point out that YOU introduced Lincoln into this conversation on the cost of presidential safety. Now you are describing extenuating circumstances that still end up with a dead president. Next you are strangely suggesting the entire example (which, again, you brought up in the first place) is irrelevant because it happened a long time ago. Current events: There have been twelve credible threats against President Obama since he took office THAT THE SECRET SERVICE IS TELLING US ABOUT. They investigate thousands of other threats they end up deeming less credible annually. So the idea that the president "should get the same protection as a Fortune 100 CEO, but no more than that," is not just irresponsible. It is demonstrably ignorant. AS far as I'm concerned, the majority of Corporate CEOs generally do important work. But not the entire 100 of them combined faces the same level of existential threats as one US President. And you would know that if you really did work on a security detail as you claimed. You would also know that we do not spend "billions of our scarce resources to keep him and his family from any harm." The entire Secret Service budget is roughly $1.5 billion. In addition to protecting the president and his family, the secret services is the law enforcement body responsible for counterfeiting of currency and Treasury Securities, bank fraud, and other major fraud. The secret service also protects foreign embassies, ambassadors, high ranking government officials, presidential candidates, and former presidents. Again you would probably know that if you actually had worked there. My best guess is that you own the DVD to "In the Line od Fire," and you've "seen it, like, a million times!"

Perhaps we need to trim some fat from the Secret Service? Fine, I can agree with that. But any Fortune 100 CEO worth his paycheck will tell you that you don't start restructuring by cutting assets where they are needed most. And that would be between the president and his family and the very real people who want to kill him.

97 posted on 09/11/2012 11:37:39 PM PDT by presidio9 (Islam is as Islam does.)
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To: 2ndDivisionVet
I can run my 1984 on used fryer grease after straining and reformulation for about eighty cents a gallon and never go near a gas station or electric plug.

Um, the picture you posted is of an '85 300D.

I'm just saying.

98 posted on 09/11/2012 11:41:44 PM PDT by presidio9 (Islam is as Islam does.)
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To: presidio9

Stock photo of the interwebs. What are the differences?


99 posted on 09/11/2012 11:47:46 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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