Insight: GM's Volt: The ugly math of low sales, high costs

[Nova78]

Insight: GM's Volt: The ugly math of low sales, high costs | Reuters

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.

Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce.And while the loss per vehicle will shrink as more are built and sold, GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others.

Ouch ! Another Obama motors Green Flop.....

 

[Rshermr]

Insight: GM's Volt: The ugly math of low sales, high costs | Reuters

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.

Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce.And while the loss per vehicle will shrink as more are built and sold, GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others.

Ouch ! Another Obama motors Green Flop.....

And there is Nova. Slobbering at the thought that GM may be having problems. Like all cons, he would like gm to go bankrupt and a million or so workers to be out of business. Typical. Un-american. But typical.
Cons support the oil companies, who support the repubs in a really big way. No thought waves emanate from cons, telling them that costs go down on new technology, over time. They just want gm out of business.

 

[Nova78]

Insight: GM's Volt: The ugly math of low sales, high costs | Reuters

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.

Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce.And while the loss per vehicle will shrink as more are built and sold, GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others.

Ouch ! Another Obama motors Green Flop.....

And there is Nova. Slobbering at the thought that GM may be having problems. Like all cons, he would like gm to go bankrupt and a million or so workers to be out of business. Typical. Un-american. But typical.
Cons support the oil companies, who support the repubs in a really big way. No thought waves emanate from cons, telling them that costs go down on new technology, over time. They just want gm out of business.

Na,the only un-american is anyone who votes for Obama the socialist.....

 

[Rshermr]

Insight: GM's Volt: The ugly math of low sales, high costs | Reuters

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.

Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce.And while the loss per vehicle will shrink as more are built and sold, GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others.

Ouch ! Another Obama motors Green Flop.....

And there is Nova. Slobbering at the thought that GM may be having problems. Like all cons, he would like gm to go bankrupt and a million or so workers to be out of business. Typical. Un-american. But typical.
Cons support the oil companies, who support the repubs in a really big way. No thought waves emanate from cons, telling them that costs go down on new technology, over time. They just want gm out of business.

Na,the only un-american is anyone who votes for Obama the socialist.....

And another con tool spouts his drivel, unable to make anything like a rational sound.

 

[Nova78]

And there is Nova. Slobbering at the thought that GM may be having problems. Like all cons, he would like gm to go bankrupt and a million or so workers to be out of business. Typical. Un-american. But typical.
Cons support the oil companies, who support the repubs in a really big way. No thought waves emanate from cons, telling them that costs go down on new technology, over time. They just want gm out of business.

Na,the only un-american is anyone who votes for Obama the socialist.....

And another con tool spouts his drivel, unable to make anything like a rational sound.

Hey, wipe that Obama cock drool off your lip.....

 

[expat_panama]

...Obama motors Green Flop...

And there is Nova. Slobbering at the thought that GM may be having problems...

GM lasted a century and grew to be the world's largest corp worth 50 billion. A great run and its day was done. Just before it died Obama & Co. took over and GM immediately became worthless; the justification was that with my tax dollars he could at least make GM a billion dollar company. The good news is he succeeded and GM is in fact worth a $billion. The bad news is that he used $50 billion of my tax dollars to do it. Look Rsh, you're free push any goofy scheme you want. All I ask is that you do it with your own money and keep your hands off of my money.

 

[Rshermr]

Na,the only un-american is anyone who votes for Obama the socialist.....

And another con tool spouts his drivel, unable to make anything like a rational sound.

Hey, wipe that Obama cock drool off your lip.....

you seem to have a fetish for blow jobs, dipshit. Must be projection.

 

[Rshermr]

...Obama motors Green Flop...

And there is Nova. Slobbering at the thought that GM may be having problems...

GM lasted a century and grew to be the world's largest corp worth 50 billion. A great run and its day was done. Just before it died Obama & Co. took over and GM immediately became worthless; the justification was that with my tax dollars he could at least make GM a billion dollar company. The good news is he succeeded and GM is in fact worth a $billion. The bad news is that he used $50 billion of my tax dollars to do it. Look Rsh, you're free push any goofy scheme you want. All I ask is that you do it with your own money and keep your hands off of my money.

So, if I have this correct. you would rather that something like a million of so people would be out of work, rather than to save a really major industry. As you may be aware, the auto bailout is being paid back. It will probably end up costing under $20B, Did you object to a month of blowing holes in the ground in Iraq? Of course not. But you have a stroke over about half a month of Iraq to save a million or so jobs in tne auto industry. Yep, that makes perfect sense.
Yep. It really does. Because cons are incapable of rational thought. And expat, if ever I saw one, you are a con tool.

Here. This may help:
The right's stupidity spreads, enabled by a too-polite left | George Monbiot | Comment is free | The Guardian

 

[expat_panama]

...Rsh, you're free push any goofy scheme you want. All I ask is that you do it with your own money and keep your hands off of my money.

So, if I have this correct. you would rather that something like a million of so people would be out of work, rather than to save a really major industry...

You are absolutely right, that's what my preference would be if you had it correct. You probably realized that it isn't because you don't, and we need to get back to what I said about my money. We can look at what good all my money did for the employees and the industry:

1. Obama's GM rescue cost $50 billion to temporarily prolong the company's existence.
2. It's now worth $1 billion.
3. That's a $49,000,000 expenditure.
4. The rescue scheme saved 68,500 GM employees their jobs.
5. No where near 'a million' jobs.
6. $49,000,000,000 ÷ 68,500 = $715,328.47 for every single GM employee rescued.

​

Think. With each $715,328.47 investment I've made on my own I've created dozens of jobs. With each $715,328.47 wasted in your goofy wasteful scheme you've created one. Now multiply that by 68,500. If numbers are any indication, I care a lot more about jobs and industry than you do.

 

[EdwardBaiamonte]

They just want gm out of business.

No they just want capitalism which is mostly anti-business since it causes about 30,000 business bankruptcies a year.

Do you as a fool liberal want Barry to bailout all 30,000 failing companies every year or do you want to allow the creative destruction of capitalism?

 

[iamwhatiseem]

[ame=http://www.youtube.com/watch?v=5RDMdc5r5z8&feature=relmfu]The 4 Ways to Spend Money by Milton Friedman (HD) - YouTube[/ame]

 

[Nova78]

And another con tool spouts his drivel, unable to make anything like a rational sound.

Hey, wipe that Obama cock drool off your lip.....

you seem to have a fetish for blow jobs, dipshit. Must be projection.

Na,the only fetish is you following my post ,troll . Now go lick balls loser

 

[Rshermr]

Hey, wipe that Obama cock drool off your lip.....

you seem to have a fetish for blow jobs, dipshit. Must be projection.

Na,the only fetish is you following my post ,troll . Now go lick balls loser

Nova, you seem to be experiencing delusional thoughts of grandeur. Back to reality, nova. You are just a con tool. Nothing grand about you. So, no, I am not following your post. Just asking you for some independent proof for your bat shit crazy statements. Which, of course, you can not provide. Because you are a con tool posting con dogma. Which are lies, and therefor can not be backed up with independent proof. So, all you have left are personal attacks and stupid statements. And, of course, your "opinion", which only you believe has any value.

 

[EdwardBaiamonte]

You are just a con tool.

but so were our Founders con tools of Aristotle? So what? The idea of freedom and capitalism really can't be approved upon.

Its easy enough to prove too. Please state your most significant objection to freedom and capitalism!

What does your inability to do so tell us about your character and IQ??

 

[Rshermr]

...Rsh, you're free push any goofy scheme you want. All I ask is that you do it with your own money and keep your hands off of my money.

So, if I have this correct. you would rather that something like a million of so people would be out of work, rather than to save a really major industry...

You are absolutely right, that's what my preference would be if you had it correct. You probably realized that it isn't because you don't, and we need to get back to what I said about my money. We can look at what good all my money did for the employees and the industry:

1. Obama's GM rescue cost $50 billion to temporarily prolong the company's existence.
2. It's now worth $1 billion.
3. That's a $49,000,000 expenditure.
4. The rescue scheme saved 68,500 GM employees their jobs.
5. No where near 'a million' jobs.
6. $49,000,000,000 ÷ 68,500 = $715,328.47 for every single GM employee rescued.

​

Think. With each $715,328.47 investment I've made on my own I've created dozens of jobs. With each $715,328.47 wasted in your goofy wasteful scheme you've created one. Now multiply that by 68,500. If numbers are any indication, I care a lot more about jobs and industry than you do.

Well, Expat, lets take a look at your statements. I think I see why you did not provide any sources:

Obama's GM rescue cost $50 billion to temporarily prolong the company's existence.

Sorry, wrong again. The latest number from the CBO shows that the total cost of the auto bailout will be about $19B.
thehill.com/.../219143-tarp-payback-projections-adjusted-upward

It's now worth $1 billion.

Wow, now there is an interesting number. No one on the planet, that I have seen, believes that one. CNN Money estimates the value at $67B. But truth is we will find out when an IPO happens. But $1B does not pass the giggle test.
money.cnn.com/2010/05/18/news/companies/gm_value/index.htm

That's a $49,000,000 expenditure.

We now know this number to be nonsense. And yes, I did notice that you used millions instead of billions.

The rescue scheme saved 68,500 GM employees their jobs.
No where near 'a million' jobs.

Again, completely wrong. The bailout affected not only gm, but a number of other companies who got loans from the auto bailout. And it affected a very large number of auto industry companies that did not get loans from the program. What do the experts say?

The nonpartisan Center for Automotive Research says it saved 1.45M jobs
http://www.nytimes.com/2012/02/26/opinion/sunday/a-million-jobs.html

The WSJ says the auto bailout saved over 1 million jobs.
blogs.wsj.com/.../gm-ipo-auto-bailout-saved-more-than-1-million-jo..

$49,000,000,000 ÷ 68,500 = $715,328.47 for every single GM employee rescued.

So, those numbers are completely bogus. As I am sure you knew. So, how about this: $19,000,000,000 / 1,200,000 = $15,804 for every single job saved. And, of course, the jobs go on, month after month, and the taxes paid cover help to bring down the national debt AND the deficit.

Think. With each $715,328.47 investment I've made on my own I've created dozens of jobs. With each $715,328.47 wasted in your goofy wasteful scheme you've created one. Now multiply that by 68,500. If numbers are any indication, I care a lot more about jobs and industry than you do.

And, of course, you lied like a rug. No truth, just dogma. Which is sad. But you could care less, as long as you can attack the pres. Dipshit.

 

[EdwardBaiamonte]

You are just a con tool.

but so were our Founders con tools of Aristotle? So what? The idea of freedom and capitalism really can't be improved upon.

Its easy enough to demonstrate this. Please state your most significant objection to freedom and capitalism!

What does your inability to do so tell us about your character and IQ??[/QUOTE]

 

[daveman]

Insight: GM's Volt: The ugly math of low sales, high costs | Reuters

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.

Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce.And while the loss per vehicle will shrink as more are built and sold, GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others.

Ouch ! Another Obama motors Green Flop.....

And there is Nova. Slobbering at the thought that GM may be having problems. Like all cons, he would like gm to go bankrupt and a million or so workers to be out of business. Typical. Un-american. But typical.
Cons support the oil companies, who support the repubs in a really big way. No thought waves emanate from cons, telling them that costs go down on new technology, over time. They just want gm out of business.

Do you think a car company losing $49,000 on each car it builds of a particular model is a success story?

 

[Rshermr]

Insight: GM's Volt: The ugly math of low sales, high costs | Reuters

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.

Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce.And while the loss per vehicle will shrink as more are built and sold, GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others.

Ouch ! Another Obama motors Green Flop.....

And there is Nova. Slobbering at the thought that GM may be having problems. Like all cons, he would like gm to go bankrupt and a million or so workers to be out of business. Typical. Un-american. But typical.
Cons support the oil companies, who support the repubs in a really big way. No thought waves emanate from cons, telling them that costs go down on new technology, over time. They just want gm out of business.

Do you think a car company losing $49,000 on each car it builds of a particular model is a success story?

If you study the numbers you are useing, you will see that you are quoting current loss at todays production numbers. With each volt sold, the cost comes down. The business plan was to loose money for some length of time, and then see that turn around. According to gm, they are on plan.
If we required every new business venture to make money from the start, you will never see new businesses start. That is expecially true with new technology. So get a grip, look at the overall picture, and quit trying to prove the volt a failure. It may be over time, but at this time, things are going as planned,

 

[asterism]

And there is Nova. Slobbering at the thought that GM may be having problems. Like all cons, he would like gm to go bankrupt and a million or so workers to be out of business. Typical. Un-american. But typical.
Cons support the oil companies, who support the repubs in a really big way. No thought waves emanate from cons, telling them that costs go down on new technology, over time. They just want gm out of business.

Do you think a car company losing $49,000 on each car it builds of a particular model is a success story?

If you study the numbers you are useing, you will see that you are quoting current loss at todays production numbers. With each volt sold, the cost comes down. The business plan was to loose money for some length of time, and then see that turn around. According to gm, they are on plan.
If we required every new business venture to make money from the start, you will never see new businesses start. That is expecially true with new technology. So get a grip, look at the overall picture, and quit trying to prove the volt a failure. It may be over time, but at this time, things are going as planned,

Show some proof of the business plan by GM.

Also, the overall picture shows that the Volt was a mistake. New technologies that are that expensive are not ready for public use. That GM did this shows the lack of sound business management and preference (or government micromanagement) for a political agenda. An $89K cost per car in that target market is outrageously expensive. There are no improvements in manufacturing or economies of scale that will change that. There will have to be a massive change in design and a new technological or engineering discovery to make the Volt successful.

The technology wasn't ready for production at this scale and it shows why GM should not have been bailed out so that it could be reorganized anew with some fresh blood at the helm chosen by the new owners not some government bureaucrats.

 

[Rshermr]

Do you think a car company losing $49,000 on each car it builds of a particular model is a success story?

If you study the numbers you are useing, you will see that you are quoting current loss at todays production numbers. With each volt sold, the cost comes down. The business plan was to loose money for some length of time, and then see that turn around. According to gm, they are on plan.
If we required every new business venture to make money from the start, you will never see new businesses start. That is expecially true with new technology. So get a grip, look at the overall picture, and quit trying to prove the volt a failure. It may be over time, but at this time, things are going as planned,

Show some proof of the business plan by GM.

Also, the overall picture shows that the Volt was a mistake. New technologies that are that expensive are not ready for public use. That GM did this shows the lack of sound business management and preference (or government micromanagement) for a political agenda. An $89K cost per car in that target market is outrageously expensive. There are no improvements in manufacturing or economies of scale that will change that. There will have to be a massive change in design and a new technological or engineering discovery to make the Volt successful.

The technology wasn't ready for production at this scale and it shows why GM should not have been bailed out so that it could be reorganized anew with some fresh blood at the helm chosen by the new owners not some government bureaucrats.

Show some proof of the business plan by GM.

What proof. Are you just but stupid. Do you seriously think that any company is going to share their business plan with the general public. All I can produce is their statement that it is part of their business plan.

Also, the overall picture shows that the Volt was a mistake. New technologies that are that expensive are not ready for public use. That GM did this shows the lack of sound business management and preference (or government micromanagement) for a political agenda. An $89K cost per car in that target market is outrageously expensive. There are no improvements in manufacturing or economies of scale that will change that. There will have to be a massive change in design and a new technological or engineering discovery to make the Volt successful.

Perhaps you would like to provide the proof that your opinion is worth anything. Opinions are like ass holes. Everyone has one. So, where is your proof, dipshit?? Per GM, the costs that they are up against are development costs. You seem to not understand anything about business. Always, always, always, it takes time to amortize the cost of development of a new technology. Simple enough to understand, should you care to. But then, you do not care to understand anything. You are simply making statements without any research of any kind. Which wastes my time having to respond to your dogma.

The technology wasn't ready for production at this scale and it shows why GM should not have been bailed out so that it could be reorganized anew with some fresh blood at the helm chosen by the new owners not some government bureaucrats.

You already know how much I respect your opinion. Again, zero proof of anything. All impartial information out there, dipshit, says the same thing. And it is not what you want to believe. It said that there would have been no reorganization. So, go bring back some impartial info that backs you up. If you can find any. And stop wasting time with your opinions.

And before posting more con dogma, read this. It may help explain your problem:
The right's stupidity spreads, enabled by a too-polite left | George Monbiot | Comment is free | The Guardian

All I see from cons is attempts to make the bail out of the auto industry look like a big mistake by the pres. Interestingly enough, it was also fully backed and supported by President Bush and his administration. funny, eh..
http://www.washingtonpost.com/blogs...lout-was-mine/2012/02/13/gIQA6oDPBR_blog.html
Going after the Volt is a perfect example. No study of the issue at all, Just statements from right wing sites. Straight dogma. Small minds saying what they are told to say, believing what they want to believe. Sad. Really sad.