GM executives have conceded from the start that they were losing money on the Volt

Discussion in 'Energy' started by Leweman, Sep 25, 2012.

  1. Leweman
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    Leweman Gold Member

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    Now the losses could be even higher. It costs $60,000 to $75,000 to build a Volt, including development, manufacturing and raw materials, estimates Sandy Munro, president of Munro & Associates, a Troy, Mich., a company that analyzes vehicle production expenses for automakers. Much of the cost comes from an expensive combination of two power systems _ electric and gasoline. With a sticker price of $40,000, minus the $10,000 the company pays in incentives, GM gets roughly $30,000 for every Volt. So it could be losing at least $30,000 per car.

    GM offers big discounts to boost Volt sales - Las Vegas Sun News
     
  2. Leweman
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    Leweman Gold Member

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    its true
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Taxpayer ripoff - not a single battery has been made...
    :mad:
    Plant that got $150M in taxpayer money to make Volt batteries furloughs workers
    October 08, 2012 - President Obama touted it in 2010 as evidence "manufacturing jobs are coming back to the United States,” but two years later, a Michigan hybrid battery plant built with $150 million in taxpayer funds is putting workers on furlough before a single battery has been produced.
     
  4. TruthSeeker56
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    TruthSeeker56 Silver Member

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    This is just another case of POLITICIANS telling the American people what they will drive and why they must drive it, while squandering billions of dollars of taxpayer money along the way.

    The car companies don't WANT to build electric cars. The lack of advancements and lack of technological improvements in electric-powered vehicles since the 1970s should be a BIG HINT to the politicians that the automobile manufacturers and the vast majority of American people DON'T WANT electric-powered vehicles as their primary source of transportation.

    Believe me, the auto manufacturers have the techology to build LEGITIMATE electric-powered vehicles that make the Volt and the Nissan Leaf look like glorified golf carts (which is basically what they both are). But when the United States is sitting on enough petroleum reserves to make us energy independent, the auto manufacturers are not going to "play nice" with the EPA and the tree huggers.

    The real question is, how long will General Motors be willing to lose tens of thousands of dollars on every Chevy Volt they produce? The answer is: until they declare bankruptcy AGAIN.
     
    Last edited: Oct 10, 2012
  5. RGR
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    RGR VIP Member

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    My Volt isn't a golf cart in the least. Have you even driven one, to make such a comparison? Or do you just bash things you are unfamiliar with, for fear that being familiar with them might change your mind?

    Based on the high tech ground breaking vehicles they cranked out last time they went bankrupt, maybe we'll get those even better ones you are looking for the next time!!
     
  6. flacaltenn
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    flacaltenn USMB Mod Staff Member Gold Supporting Member

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    Did I miss some "high tech groundbreaking" GM vehicles since 2010?

    They look pretty much the same as everyone else's to me.
     
  7. whitehall
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    whitehall Gold Member

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    The concept is simple. If you take money from the federal government you are required to build stuff that the federal government wants. The problem arises when the fools who make the rules try to build a car.
     

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