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GM stands to lose $9,000 per car on Chevy Bolt
Yahoo Finance ^ | November 30,2016 | Robert Ferris

Posted on 11/30/2016 5:12:34 PM PST by Hojczyk

Edited on 11/30/2016 6:06:09 PM PST by Admin Moderator. [history]

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To: gaijin

My brother and his wife are on their second Volt and are town-centric like your example. For them, it fits. I’m 75 now and still drive sports cars; a British Racing Green Mazda Miata. I get 40 MPG on the highway.


41 posted on 11/30/2016 6:07:48 PM PST by Ace's Dad (Happiness would be command of a battery of ballistic missile interceptors or an Aegis cruiser.)
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To: Hojczyk

$9,000 is still no reason to consider this shitbox.


42 posted on 11/30/2016 6:08:22 PM PST by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: Steely Tom

They can sell out to Chrysler. /s


43 posted on 11/30/2016 6:09:14 PM PST by OKSooner (Geno's is a tourist trap.)
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To: gaijin

The Volt is based on the Cruze chassis. The equilibrium point where the cost is overridden by the efficiency of fuel is somewhere around 300,000 miles. For a town car, a 1980 Chevy Caprice is a better overall value.


44 posted on 11/30/2016 6:27:02 PM PST by cyclotic (Democrats haven't been this mad since we freed their slaves)
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To: Hojczyk

I am waiting for the 740hp 2018 Ford Shelby GT500.


45 posted on 11/30/2016 6:27:17 PM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: Hojczyk
I do believe that I will save chevrolet that $9,000.
46 posted on 11/30/2016 6:36:48 PM PST by Seaplaner (Never give in. Never give in. Never...except for convictions of honour and good sense. W. Churchill)
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To: Hojczyk

Tell GM that you’ll buy a Bolt unless they give you $3000


47 posted on 11/30/2016 6:41:30 PM PST by Oztrich Boy ("Laws are for the guidance of wise men and the blind obedience of fools" Solon, Lawmaker of Athens)
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To: hoagy62
"The company is taking a $9000 hit per car. Can someone explain WHY in the world they’d do that??

The answer is quite simple: The federal government is REQUIRING that the corporate average fuel economy becomes 52 miles per gallon in the next several years. That's the AVERAGE fuel economy of all the cars and trucks they sell. The only possible way for a company that makes a full range of vehicles to meet that number is to sell the so-called "zero emission vehicles" at a low enough price that someone might actually buy one.

48 posted on 11/30/2016 6:44:00 PM PST by norwaypinesavage (always)
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To: stevem

Actually, they’ll lose money BECAUSE of the low volume. When you only intend to sell 20,000 of a model per year, you never make back the R&D and tooling costs. They are NOT going to lose any money on the actual components costs and labor of building the Bolt. If there was a market for 200,000 Bolts per year they would make money because the R&D and tooling costs would be spread over 10x as many vehicles.

The Bolt costs about 4 cents per mile to drive in electricity costs. At $2.75/gal gasoline in CA, a similar size 40mpg car costs 7 cents per mile — plus oil changes that EVs don’t need. If CA did not have such expensive electricity, the cost differential would be even higher. The manufacturers need to hype the lower operating cost instead of the “green” rationale. In NV, it would cost less than 3 cents per mile to drive a Bolt.


49 posted on 11/30/2016 6:49:53 PM PST by Kellis91789 (We hope for a bloodless revolution, but revolution is still the goal.)
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To: gaijin

I have a beater Saturn that gets 32mpg so @ $2 gallon it costs me $0.06 / mile. I guess I can just save my $40K for something else :)


50 posted on 11/30/2016 7:16:44 PM PST by kneedragger111
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To: Hojczyk
"Bolt": syonym for, "Screw"...
51 posted on 11/30/2016 8:54:19 PM PST by TXnMA ("Allah": Satan's current alias. "Barack": Allah's current ally. "Comey": Barack's current toadie.)
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To: Steely Tom

LOL! Priceless!


52 posted on 12/01/2016 3:49:55 AM PST by trebb (Where in the the hell has my country gone?)
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