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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: 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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