GM is NOT losing Money on the Volt

Discussion in 'Energy' started by GHook93, Sep 25, 2012.

  1. GHook93
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    GHook93 Aristotle

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    Every hater basked in the Volt losing $49K per car, like there were executives of Exxon or something. However, the calculation is well overblown and misguiding. That figure takes into account the $1.2 billion invested to create the technology! Of course putting that R&D dollars used to discover the product is going to create a deficit. HOWEVER, if you take that out of the question: GM nets $7K-19K on each model sold. That is only off the base, add extras and they make more.

    Most new like the cell phone, PC etc showed deficits the first year when you considered the R&D costs.

    The Volt is a step in the right direction and everyone liberal and conservative should embrace it!
     
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  2. martybegan
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    martybegan Diamond Member

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    Where is your source for a net profit of $7k to $19k per vehicle?
     
  3. longknife
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    longknife Diamond Member

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    Certainly! An absolutely great car --- IF you don't mind driving a car where the electrical system and or battery blows up and sets the car afire. :cool:
     
  4. Leweman
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    Leweman Gold Member

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  5. Leweman
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    Leweman Gold Member

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  6. flacaltenn
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    flacaltenn Senior Mod Staff Member Senior USMB Moderator Gold Supporting Member

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    Is that counting the $3Bill in Fed and State Development grants, loans, guarantees that GM recieved to develop an EV?

    There is no evidence that the market wants this car.. So by ANY calculation -- GM (and the taxpayers) are gonna get hosed by the real cost of this car...

    GM should have had the experience of successful SEDAN hybrid before launching into this rechargeable gimmick.. It's NOT the right direction until you can tell me why I'm being tormented to pull my 1W phone charger out of the wall and turn down my thermostat -- so that a neighbor can install a 220V 40A service to charge his 25KWhr buggy...

    Which IS IT GHook? Do we all need to live like Hobbits? Or Is there PLENTY of electrical generation and delivery for a booming EV market?
     
    Last edited: Sep 25, 2012
  7. GHook93
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    GHook93 Aristotle

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    Um the article I quoted! :eusa_hand:
     
  8. Leweman
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    Leweman Gold Member

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    this thread got crushed like Obama will be on November 6
     
  9. GHook93
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    GHook93 Aristotle

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    Read the article! They specifically address the Reuters article. Again Reuters takes into account the $1.5 bil R&D cost! If you take the production, labor and material cost to the revenue made on each car equates to a net profit on each car!
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    If you don't count the costs in making our product, we'd show a huge profit
     

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