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  • Chevy Volt Resale Values Plunge as Lease Returns Hit Market

    08/08/2014 9:06:15 AM PDT · by jazusamo · 46 replies
    NLPC ^ | August 8, 2014 | Mark Modica
    It has been two years since General Motors admitted that there was little demand for the Chevy Volt (as reported here)due to there being "no plug-in market." Their answer was to "create market" to drive sales for the politically popular but economically-nonviable Volt. GM manipulated sales for the Volt through the use of subsidized leases at a time when President Obama's favorite, green wonder-car was being criticized for low sales as it failed to live up to the early hype. GM was able to use taxpayer money in the form of electric vehicle tax credits to help drive down...
  • The Chevy Volt: One Part Social Security, Two Parts Postal Service

    06/08/2014 5:59:32 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | June 8, 2014 | John Ransom
    As many already know, the Ransom Notes and Townhall Finance Worldwide HQ is moving to the West Coast this month to better serve our readership. Please bear with me, while we get moved. Georgia Boy wrote: Actually, President Obama has not raised taxes on anybody, but I think he will raise taxes on the wealthiest (back to historic levels) when he gets his second term. That said, Ransom is just another Rat-wing speculation, pretty much full of bovine manure. -France’s “No Limit” Tax Perfect for Zero Dear Comrade Boy Georgia, You’re right about Obama wanting to bring taxes to historic...
  • ObamaCar Replacement Batteries Cost $34,000 According to GM Dealers

    03/08/2014 5:27:27 AM PST · by Kaslin · 43 replies
    Townhall.com ^ | March 8, 2014 | John Ransom
    Here’s the good news about the ObamaCar known as the Chevy Volt: There haven’t been any reported fires connected with the ObamaCar since the company recalled 8,000 of the electric vehicles—that’s one in six vehicles. That is no fires, if you don’t count the people who’ve been “fired” from the Volt production line as sales continue to make Obama’s “one million” electric car promise just another broken dream in a crooked scheme. Obama promised that by the time he finished as president, he’d put a million electric cars on the road. Thankfully, he won’t quite make it. No telling...
  • The Electric Car Boondoggle (Cost comparisons)

    02/22/2014 10:58:52 AM PST · by jazusamo · 51 replies
    American Thinker ^ | February 22, 2014 | Matthew Hurwitz
    There are two electric cars on the market that have received a lot of attention in the media. One is GM's Chevy Volt and the other is the Tesla Model S. Extravagant claims have been made by both manufacturers to have us believe that these that these automobiles are practical and economical to drive. As we shall see, that is not really true when one takes into account all the factors which contribute to the total operating cost of each of these two vehicles. Chevy VoltThe manufacturer claims that "The Chevy Volt is the most fuel-efficient car with a gasoline...
  • Dismal Chevy Spark EV Sales Make the Volt Look Good

    01/10/2014 1:28:22 PM PST · by jazusamo · 31 replies
    NLPC ^ | January 10, 2014 | Mark Modica
    The final tallies for 2013 sales are in for the Chevy Volt and its little sister, the Chevy Spark EV. The results are ugly. While the Volt relies on both a gas engine and electric power, the Spark is actually an electric-only vehicle, assumedly designed to compete with the all-electric Nissan Leaf which had sales of 22,610 for the year. The Spark EV did not compete well, with sales for 2013 coming in at only 589 for the seven months in which it was offered. Chevy Volt sales for the year also disappointed, coming in at 23,094 and down from...
  • Chevy Volt Electric Range Drops to 20 Miles in Cold

    01/03/2014 9:55:59 AM PST · by jazusamo · 49 replies
    NLPC ^ | January 1, 2014 | Mark Modica
    A recent study by fleetcarma.com unveils yet another drawback of General Motors' much-hyped Chevy Volt. It appears that the environmentally-conscientious, affluent owners of the vehicles who drive in cold weather will get about half of the electric range, on average, of those who drive in warmer climates. Fleetcarma charted real-world data displaying an average electric range of approximately 20 miles for Volts driven during temperatures of about 25 degrees Fahrenheit. The owners of President Obama's favorite car who were under the impression that they would be helping Mother Earth by saving less than one gallon of gas a day at...
  • Taxpayers Pay $176 per Gallon of Gas “Saved” by Chevy Volt

    11/22/2013 8:38:27 AM PST · by jazusamo · 21 replies
    NLPC ^ | November 22, 2013 | Mark Modica
    I have to hand it to General Motors and those Chevy Volt supporters who continue to come up with creative ways to espouse the virtues of the slow selling and heavily subsidized vehicle. They just won't give up. The latest figures being presented in political fashion utilize large numbers that, on the surface, appear impressive. When analyzed, the figures give more insight into just how much taxpayer money is being wasted on green subsidies, particularly on electric vehicles (EVs). Sound the trumpets! According to Green Car Reports, the Chevy Volt has saved 17 million gallons of gas to date. Now...
  • Chevy Volt Sales Plunge; Cost to Taxpayers $15 Million in October

    11/05/2013 10:12:37 AM PST · by jazusamo · 20 replies
    NLPC ^ | November 5, 2013 | Mark Modica
    General Motors had another disappointing month of sales for its much-hyped green wonder-car in October. Sales for the Chevy Volt plunged over 31 percent from last year, down to 2,022 units for the month. To put that number in perspective, Toyota sells that many Toyota Camrys in about two days. Or, GM is selling less than one Volt per Chevy dealership per month. Despite the dismal sales figures, the loss to taxpayers for federal tax credits of $7,500 per vehicle that go to the wealthy buyers of Volts tallies out to $15,165,000 in October. If GM had come anywhere close...
  • GM's Advertising Identity Crisis Hurting Sales (FR thread linked)

    10/17/2013 11:01:55 AM PDT · by jazusamo · 49 replies
    NLPC ^ | October 17, 2013 | Mark Modica
    It looks like General Motors is going through an identity crisis as its marketing strategy has flip-flopped by changing its targeted audience. The new General Motors' truck ad, "Strong," targets conservatives by honoring a heroic and manly GM truck buyer with lyrics that describe him as a "love one woman for all his life" type of guy who arrived at work on time for twenty straight years. The rugged, heterosexual identity of today's GM differs greatly from last year's politically correct version when the company won praise for running a "gay" Chevy Volt ad and for flying rainbow banners to...
  • Chevy Volt September Sales Plunge - Cost Taxpayers over $13 Million

    10/02/2013 8:54:40 AM PDT · by jazusamo · 12 replies
    NLPC ^ | October 2, 2013 | Mark Modica
    General Motors reported unimpressive sales results for the month of September as sales fell 11%. Core division, Chevrolet, performed the worst with sales down almost 15% year over year. Within that division, sales for the much-hyped Chevy Volt could not even be propped up with its recent $5,000 price cut as results declined to a measly 1,766 units (less than one per dealership) in September. That is a decline of over 38% year over year and just over half of what sold in the previous month. The floundering sales of the Volt saved taxpayers some money over August when federal...
  • Volt Sales in August Cost Taxpayers Over $25 Million

    09/10/2013 9:46:40 AM PDT · by jazusamo · 4 replies
    NLPC ^ | September 9, 2013 | Mark Modica
    It looks like General Motors is attempting to make up for the money it loses on every Chevy Volt in volume as August sales, spurred by recent price cuts, reached an all-time high of 3,351. The fact that the car has been on the market for about three years and initial much-hyped proclamations from GM would have put sales at 20,000 per month by now goes unrecognized by those that think 3,351 vehicles is a lot of cars to sell in a month. To put the sales in perspective, it took Toyota about 2 ˝ days to sell that many...
  • The Twenty Percent President on the Chevy Volt

    08/18/2013 11:08:35 AM PDT · by jazusamo · 25 replies
    Townhall.com Finance ^ | August 18, 2013 | Political Calculations
    According to the carefully crafted plan of the Obama administration, there would be one million electric cars cruising around America's streets and highways by 2015. According to the plan, almost half of those vehicles would be Chevrolet Volts. So how well are President Obama's industrial policy plans working out in the real world? The easiest way to find out is to count up the number of Chevrolet Volt sales over time. Electric vehicle industry observer InsideEVs provides a monthly scorecard of the number of sales recorded for each primarily electricity-powered automobile in the U.S., from which we extracted the...
  • GM to Lose Even More on Each Chevy Volt

    08/08/2013 11:35:04 AM PDT · by jazusamo · 19 replies
    NLPC ^ | August 8, 2013 | Mark Modica
    The Chevy Volt madness continued this week with General Motors announcing that consumers will see a $5,000 decrease in the price of President Obama's favorite green wonder-car. Sales of the Volt have been dismal, with most consumers refusing to be as smitten with the car as the President and the few enthusiastic green ideologues who seemed to believe that spending approximately $20,000 more for a car (over a gas-powered rival) that can save them about $3 a day in gas makes sense. What seems to go unrecognized is the fact that the price cut comes at the expense of GM...
  • GM offers big price cut on Chevy Volt

    08/06/2013 3:39:07 AM PDT · by SMGFan · 28 replies
    CNN ^ | August 6, 2013
    General Motors announced Tuesday that it will knock $5,000 off the sticker price of a new Chevy Volt, making it the latest electric car to be steeply discounted as automakers battle for buyers.
  • Chevy Volt Owners See Red, Head for Fiery Crash

    07/14/2013 6:00:48 AM PDT · by Kaslin · 31 replies
    Townhall.com ^ | July 14, 2013 | John Ransom
    LogicDesigner wrote: It seems that John Ransom is at it again. I can just see his thought process. "Oh dangit, the GM has lowered the price of the Volt and now they had a record sales month. I better find some way to spin this story into how the Volt is an utter failure! If anyone disagrees with me I'll just call them a troll and question their conservative credentials!" (It seems John also deleted his comment where he called one of his critics a troll and accused them of pretending to be a conservative). "Someone should give me a...
  • GM's Hypocritical Embrace of Free Enterprise

    07/10/2013 11:52:34 AM PDT · by jazusamo · 9 replies
    NLPC ^ | July 10, 2013 | Mark Modica
    The US Chamber of Commerce's "On the Road with Free Enterprise" tour has quietly entered its second month. The main story currently on the "Free Enterprise" website is a piece titled " First Ever Sushi Tech Combats Fish Fraud." The fact that General Motors is hypocritically co-sponsoring a free enterprise tour might bring to mind the words fishy and fraud as well. "Beneath the deep purple cuts of healthy tuna and the smell of fresh wasabi, there lies a sushi underbelly in America that will make your stomach turn," reads the first line of the all-important "fish fraud" story. Likewise,...
  • Chevy Volt Heads for Fiery Crash

    07/08/2013 4:16:35 AM PDT · by Kaslin · 39 replies
    Townhall.com ^ | July 8, 2013 | John Ransom
    The good news for GM these days is that no one has been consumed in a fiery death due to engine compartment fires since the Chevy Volt was discovered to spontaneous combust after accidents shortly after production began. The bad news for the company is that while Chevy Volt sales in June set a record, prior to June their sales for 2013 sucked despite general auto sales setting post-crash records. “With signs that sales of its Chevrolet Volt battery car could be coming unplugged,” reported NBC News in June, “General Motors is offering potential buyers as much as $5,000 in...
  • The Many Costs of Obama’s Electric Car Folly

    06/26/2013 12:26:12 PM PDT · by jazusamo · 7 replies
    NLPC ^ | June 26, 2013 | Mark Modica
    It appears that there is no end in sight to the Obama Administration's costly quest to electrify America's auto fleet, despite the recent flurry of reports that continue to confirm that the benefits of electric vehicles (EVs) are practically nonexistent in comparison to the costs. One of these reports even came from Obama's own NHTSA (National Highway Traffic Safety Administration) panel which downplayed the importance of EVs and claimed that electric cars will only need to account for between one and three percent of car manufacturer's product portfolios by 2025 for lofty government EPA requirements to be met. The Autoguide.com...
  • GM Ups Chevy Volt Incentives as Demand Wanes

    06/10/2013 8:46:48 AM PDT · by jazusamo · 41 replies
    NLPC ^ | June 10, 2013 | Mark Modica
    General Motors has announced a $4,000 rebate (or $3,000 and a four year, zero interest loan from government-owned Ally Financial) on the slow-selling Chevy Volt. The company had a choice regarding how to deal with an excess supply of Volts that is growing faster than demand. GM could have, once again, temporarily halted production until inventory (currently at about a 6 month supply) came down to reasonable levels. It instead chooses to lose more millions of dollars by spending on incentives designed to manufacture demand that otherwise is practically nonexistent. The much-hyped Chevy Volt was originally presented by GM...
  • Chevy Volt Inventory Build – Time for Another Production Halt?

    05/22/2013 8:52:22 AM PDT · by jazusamo · 21 replies
    NLPC ^ | May 22, 2013 | Mark Modica
    A recent search for new Chevy Volts on cars.com unearthed 9,254 vehicles currently at dealerships for sale. There were another 258 late-model, used Volts available. About half of those had less than 5,000 miles on them. Considering the abysmal sales rate for the self-proclaimed electric wonder-car (1,306 in April for those keeping track), the unofficial inventory numbers point to about a seven month supply of Volts available. Ideal inventory levels are considered to be in the two month range. It may be near time for General Motors to halt production, yet again, for the floundering Volt. The inventory numbers for...
  • Hold Off on Buying That Chevy Volt; Price to Drop $10,000 in Face of Dismal Sales

    05/09/2013 11:24:40 AM PDT · by jazusamo · 40 replies
    NLPC ^ | May 9, 2013 | Mark Modica
    Great news for consumers who are considering buying General Motors' green wonder car, the Chevy Volt. I know how excited those environmentally conscientious Volt enthusiasts can get, but a little patience can pay off big time if potential buyers hold off for a year or so on their purchase. According to GM CEO Dan Akerson and following another dismal month of Volt sales (1,306 in April), the car that defies logic will soon be available for up to $10,000 less money. The good news extends to shareholders of GM as the next generation of the Volt will supposedly be profitable...
  • Chevy Volt Battery Technology Questioned After Billions Wasted

    04/11/2013 10:11:49 AM PDT · by jazusamo · 15 replies
    NLPC ^ | April 11, 2013 | Mark Modica
    It appears that the Mainstream Media folks may finally be starting to expose one of the worst cases of taxpayer abuse that this country has ever seen. Kudos to Deepa Seetharaman who wrote a piece for Reuters which questions the feasibility of the government-subsidized, lithium-ion based battery technology behind electric vehicles (EVs) like the Chevy Volt. While Seetharaman acknowledges the limitations of lithium-ion batteries, what remains unchallenged is the continued waste of billions of taxpayer dollars to support the failing, pseudo-green technology. The evidence that the Obama Administration's EV subsidization has been a costly fiasco (particularly regarding the Chevy Volt...
  • The Chevy Volt sales fiasco (Sales fall 35% in March, to a paltry 1,478 units)

    04/03/2013 1:40:01 PM PDT · by SeekAndFind · 24 replies
    American Thinker ^ | 04/03/2013 | Thomas Lifson
    President Obama and eco-mandarins around him made a very bad call when they calculated that a mix of appeals to greenies, lavish subsidies, and a marketing push from General Motors could convince the public to buy lithium-ion battery-powered electric cars in commercial quantities. The program has been an utter failure, with Volt sales falling 35% in March, on a year-to-year basis, to a paltry 1,478 units - roughly one Volt sale every other month per dealership. Mark Modica of the National Legal and Policy Center has assembled the grim data. GM's excuses for the poor performance seem to be drying...
  • Chevy Volt Sales Plunge – Obama’s Flagship EV a Failure

    04/03/2013 10:39:46 AM PDT · by jazusamo · 39 replies
    NLPC ^ | April 3, 2013 | Mark Modica
    The Chevy Volt has inarguably been the poster child for President Obama's push to electrify America's auto fleet. Billions of taxpayer dollars have been spent to produce and subsidize the plug-in electric car. For years we have heard about the supposedly amazing technology for the Volt which would lead America to energy independence, be a "game-changer" for General Motors and provide a multitude of new green jobs. Proclamations were made that supply for the wonder-car could not keep up with the demand. Well, March's sales figures are in and give further confirmation that the lofty claims were all lies. March's...
  • Malibu Lags Competition as GM Maintains Green Focus

    02/11/2013 10:01:12 AM PST · by jazusamo · 8 replies
    NLPC ^ | February 11, 2013 | Mark Modica
    Perhaps General Motors should have put more focus on competing in the largest segment of the auto market instead of focusing on being the market leader in the least popular, plug-in, electric vehicle (EV) field. A Detroit Free Press article reported that GM had to slash Chevy Malibu prices by hundreds of dollars to try and catch up with vehicles like the Toyota Camry, which is currently eating the Malibu's lunch. Chevy spokesman Michael Albino is quoted as admitting that, "The midsize segment is the largest and most competitive in the industry." Maybe GM should have realized that when they...
  • Toyota and Nissan Shift From Electric Vehicles; Death Knell for Chevy Volt?

    02/05/2013 9:26:42 AM PST · by jazusamo · 67 replies
    NLPC ^ | February 5, 2013 | Mark Modica
    According to Toyota Vice Chairman Takeshi Uchiyamada, "Because of its shortcomings - driving range, cost and recharging time - the electric vehicle is not a viable replacement for most conventional cars; we need something entirely new." Uchiyamada is considered the "father of the Prius." An article by Reuter's exposes the limitations of EVs and focuses on Toyota's, along with Nissan's, change in strategy, which is now moving away from EVs. Even the most ideological and extreme green energy proponents and backers of the Chevy Volt will have to open their eyes to the sad truth uncovered by the latest report....
  • Dismal Sales for Chevy Volt in January

    02/04/2013 9:39:42 AM PST · by jazusamo · 29 replies
    NLPC ^ | February 4, 2013 | Mark Modica
    January's dismal numbers for Chevy Volt sales may give a clue as to how successful (or not) President Obama will be in reaching his goal of having a million electric vehicles (EVs) on American roads within the next few years, a goal that is increasingly becoming unlikely. It also gives us a glimpse into a bizarre strategy General Motors has had by focusing so strongly on plug-in cars while they lose market share elsewhere. The numbers are in, and GM can proudly say that they are the market leader in an insignificant field with a paltry 1,140 Volts sold in...
  • Some Chevy Dealers Pull Plug on Volt – 2012 Sales Well Below Goals

    01/07/2013 9:17:53 AM PST · by jazusamo · 30 replies
    National Legal & Policy Center ^ | January 7, 2013 | Mark Modica
    The final tally is in for 2012 Chevy Volt sales. The good news (which is what most headlines will trumpet) is that sales for General Motors' flagship green vehicle tripled from 2011's paltry 7,671 to a slightly less paltry 23,461 in 2012. The bad news is that the number is almost half of GM's sales goal of 45,000 in 2012 for the Volt. The further bad news is that the Volt has so little demand in most regions that some dealerships are refusing to pay for required tools to repair the vehicles and are choosing to cease selling the vehicles...
  • GM Hypes Chevy Volt's Insignificant 100 Millionth Mile

    12/07/2012 9:02:05 AM PST · by jazusamo · 4 replies
    National Legal & Policy Center ^ | December 7, 2012 | Mark Modica
    General Motors is making more ridiculous Chevy Volt by flooding the web with stories of how 100 million electric miles have been driven since the Volt's much-hyped inception. Let's put the boasting in perspective. In the two plus years that it took for Volt drivers to put on 100 million miles, gas-powered vehicles logged over 5 TRILLION miles in the US. It would take only 5,000 cars traveling 10,000 miles a year to log 100 million miles in two years. The Volt has fallen far short of sales goals and has cost taxpayers billions of dollars in subsidies to reach...
  • Believe it, or not: Chevy Volt tops most-loved car survey again

    11/30/2012 8:28:31 AM PST · by SeekAndFind · 78 replies
    NBC ^ | 11/30/2012
    General Motors' Chevrolet Volt plug-in hybrid car topped Consumer Reports' annual owner-satisfaction survey for the second straight year. Ninety-two percent of Volt owners surveyed by the influential consumer magazine said they would definitely buy the Volt again, earning the electric car the top ranking. Last year, 93 percent of respondents said they would buy the car again. "The Volt's two-year reign at the top of our satisfaction survey points to the continuing trend of owners' enthusiasm for cars that are fuel-efficient, especially as we see more and more hybrid and electric models hitting the market," Consumer Reports' auto editor, Rik...
  • Bailed-Out Ally Financial Unit Comes Full Circle Back to GM

    11/23/2012 11:50:51 AM PST · by jazusamo · 9 replies
    National Legal & Policy Center ^ | November 23, 2012 | Mark Modica
    The final pieces are coming together in the General Motors' restructuring puzzle as the company has, not surprisingly, won its bid to repurchase government-owned Ally Financial's European and Latin American lending operations. GM was forced to spin off all but 10% of Ally Financial back when it was known as GMAC. Back in late 2008, the spigots of taxpayer money were open and GM had its cup out. In order for GM's lending arm (GMAC) to receive TARP funds, GM had to divest all but less than 10% of the company so that GMAC could be granted status as a...
  • Chevy Volt Leases Costing Taxpayers $10 per Gallon of Gas Saved

    10/02/2012 12:49:55 PM PDT · by jazusamo · 19 replies
    National Legal & Policy Center ^ | October 2, 2012 | Mark Modica
    General Motors reported that it sold 2,851 Chevy Volts in September. The number is sure to be touted as a great success, even though the annualized rate of sale is still well below initial sales goals for the vehicle and no where near what conventionally-powered, mainstream cars sell. What is sure to be less publicized by the media is that the majority of the Volt "sales" were heavily subsidized leases that are costing taxpayers millions of dollars. GM spokesman, Jim Cain, told me that a full two thirds of Volt sales were leases. Backing out leases and fleet sales, about...
  • Notwithstanding GM's Protests, No One Wants The Chevy Volt

    09/19/2012 1:26:43 PM PDT · by jazusamo · 16 replies
    Forbes ^ | September 19, 2012 | Patrick Michaels
    After Reuters’ claim that GM was losing $49,000 per vehicle on the Chevy Volt, former GM CEO (and Volt developer) Bob Lutz came to its spirited defense at Forbes.com with an article titled “The Real Story on GM’s Volt Costs”. One of the things he didn’t specifically address was sales. Not to put too fine a point on it, for the umpteenth time concerning the Volt, GM is playing fast and lose with the facts. GM is giving away rent-a-Volts. While the claim of 2800+ sales in August is certainly enough to still the Volt’s critics, at least until Election...
  • GM Admits There's No Market for Chevy Volt (Dealer tax credit, lease scam)

    09/13/2012 10:28:48 AM PDT · by jazusamo · 29 replies
    National Legal & Policy Center ^ | September 13, 2012 | Mark Modica
    A Reuters' article earlier this week created quite a buzz when it suggested that General Motors was losing $49,000 on every Chevy Volt sold. While many continue to debate just how much money GM loses on the politically-motivated car, a more important story on the Volt was reported by Automotive.com last week which explained the increase in August sales numbers for the vehicle. The piece exposes how GM (along with taxpayers) is heavily subsidizing leases and even gets an embarrassing admission from GM on the struggling Volt that, "The whole idea is we're creating a market." And this blockbuster,...
  • Pentagon Plans to Buy 1,500 Chevy Volts

    09/12/2012 2:37:28 PM PDT · by jazusamo · 44 replies
    The New American ^ | September 12, 2012 | Brian Koenig
    General Motors, the financially-strained U.S. automaker that absorbed billions of taxpayer dollars through the auto bailout, has secured a new deep-pocketed customer for its purportedly failed electric vehicle — the Chevy Volt. That customer is the Pentagon, which plans to make the federal government’s military operation more “environmentally-friendly” by reducing its use of fossil fuels with a conversion to electric vehicles. The Department of Defense (DOD) plans to purchase 1,500 models of the Volt, which has been burdened with lethargic sales and mounting losses since the automaker launched it in 2010. The Marine Corps Air Station in Miramar, California...
  • Of course: The Pentagon is buying Chevy Volts (With your money and mine of course)

    09/11/2012 4:53:06 PM PDT · by SeekAndFind · 9 replies
    Hotair ^ | 09/11/2012 | Erika Johnsen
    Yesterday, Reuters reported that (federally-bailed-out) General Motors' Chevy Volt is selling at a loss of as much as $49,000 per vehicle, and that certain experts think it doesn't look likely that GM will ever make that money back. GM fired back today, claiming that Reuters performed an unfair, "grossly wrong" assessment of their business operations, but whatever, GM -- you're missing the point. Either way, I don't really care how you choose to run your company or whether you choose to take big risks and develop new products, because that's what businesses do. Sometimes they succeed, and sometimes they fail....
  • GM losing as much as $49,000 per Volt sold

    09/10/2012 7:18:40 PM PDT · by presidio9 · 98 replies
    NBC News ^ | September 10, 2012
    <p>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.</p> <p>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.</p>
  • GM Is Losing Up To $49,000 Per Volt Sold

    09/10/2012 8:00:21 AM PDT · by SeekAndFind · 23 replies
    * GM losing as much as $49,000 per Volt sold * Cheap leases likely only exacerbate the losses * GM still years away from break even on the car * New plug-in competitors soon from Ford, Honda Sept 10 (Reuters) - General Motors Co 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...
  • GM (Again) Halts Chevy Volt Production

    08/28/2012 8:37:41 AM PDT · by jazusamo · 12 replies
    National Legal & Policy Center ^ | August 28, 2012 | Mark Modica
    USA Today reports that GM will be, once again, temporarily halting production of the Chevy Volt. According to GM, the halt is not due to low sales of the Volt. The article quotes a Chevy spokesman as saying, "We are not idling the plant due to poor Volt sales. We're gearing up for production of the new Impala." In typical dubious mainstream media fashion, the article also reports that Volt sales have been just fine stating, "GM sold 10,666 Volts through July, way up from the 2,870 sold during the same period a year earlier." Considering that back in January...
  • Why Can't Akerson Come Clean on Chevy Volt Fiasco?

    08/23/2012 10:02:49 AM PDT · by jazusamo · 21 replies
    National Legal & Policy Center ^ | August 23, 2012 | Mark Modica
    Some truths are so obvious that they cannot be denied. But that doesn't stop General Motors and politically-motivated cheerleaders for the Chevy Volt from trying. In the case of the Volt, the truth is that this car has been a dismal failure when considering the amount of hype and taxpayer money that has been spent to produce the supposed green wonder-car. Let's review just how wrong GM CEO, Dan Akerson, has been regarding sales projections for the Volt and how he refuses to take accountability for GM's blunders. Let's start by looking at Akerson's plans and projections for the Volt...
  • VIDEO: Taxpayers Fund 'Ridiculous' Chevy Volt Village

    08/08/2012 8:47:16 AM PDT · by jazusamo · 5 replies
    National Legal & Policy Center ^ | August 7, 2012 | NLPC Staff/Mark Modica
    VIDEO 3:56 minutes NLPC Associate Fellow Mark Modica was interviewed by Gerri Willis on the Fox Business Network on August 6. Here's a transcript: Gerri Willis: Moving on to a story, I know you are going to love. "In Focus Tonight," the Chevy Volt village. An entire town dedicated to the controversial taxpayer backed car that so happens to spontaneously combust in flames. The government is teaming up with the private sector to test out its green agenda by dumping these Chevy Volts on an entire community. And did I mention you are helping to pay for this? Joining me...
  • Military Buying Chevy Volts as Glitches Surface

    08/06/2012 2:12:44 PM PDT · by jazusamo · 29 replies
    National Legal & Policy Center ^ | August 6, 2012 | Mark Modica
    It seems that the supply of taxpayer money available to support the Chevy Volt is never ending. Add the Department of Defense to the list of agencies tapping into the seemingly endless taxpayer funds to purchase Volts, as reported by Stripes.com. The US Military is buying Volts just as a recent poll at GM-Volt.com reveals that over 12% of Volt owners have had electrical problems with the vehicle. A Marine Corps (pronounced "kawr", not "kawrps") Air Station in Miramar California received a couple of the Volts last month. Chris Manis, deputy director of installations and logistics, spoke of the Marines'...
  • Obama Boosts GM With Fleet Sales; Localities Buy Police Cars With Federal Money

    08/02/2012 10:08:00 AM PDT · by jazusamo · 16 replies
    National Legal & Policy Center ^ | August 2, 2012 | Mark Modica
    General Motors announced an increase in government purchases of 115% in July. This follows June's jump in government fleet sales of 79%. Just what's going on? GM has claimed that it is localities (mostly for police vehicles) and not federal purchases driving the increases, but aren't localities struggling with their budgets? Why do the nation's police forces all of a sudden need new vehicles? A little research uncovers that the Obama Administration is once again being generous with federal grants to localities to purchase new cars, with one of the primary end recipients of taxpayer money being GM. It seems...
  • Taxpayers Help Fund Chevy Volt Village (This is outrageous)

    07/31/2012 4:00:09 PM PDT · by jazusamo · 10 replies
    National Legal & Policy Center ^ | July 31, 2012 | Mark Modica
    Well, I really have to hand it to the Obama Administration and General Motors when it comes to promoting green energy initiatives and the Chevy Volt; if nothing else, they are persistent. Unfortunately, that persistence continues to come at the expense of US taxpayers. The latest folly, as reported by Edmunds Inside Line , involves a $10.4 million grant from the Energy Department to create what Edmunds calls "Chevrolet Volt-ville." GM and OnStar have joined a partnership (which includes GE Energy, of course) that had been formed to create a community in Texas called Pecan Street Inc. GM says the...
  • GM Trying to Limit Tax Credit Abuse on Chevy Volt Returns

    07/25/2012 9:03:02 AM PDT · by jazusamo · 12 replies
    National Legal & Policy Center ^ | July 25, 2012 | Mark Modica
    When General Motors announced its 60 day return policy for the Chevy Volt over a week ago, I contacted them to make them aware of the potential for tax credit abuse on returned vehicles that qualify for federal and state subsidies. At the time, GM spokesman Jim Cain did not think that it would be an issue and it was up to purchasers to decide if they would submit for tax credits on Volts that they returned for refunds. I spoke with Mr. Cain to follow up on the story. Mr. Cain has informed me that GM is working on...
  • Barack Obama: Crony Capitalist in Chief? Part 2

    07/22/2012 9:33:35 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | July 22, 2012 | Political Calculations
    In mid-2008, General Motors was a failing company. Unable to unload their product line of gas guzzlers, the wrong cars and trucks to be trying to sell at a time of record high gasoline prices, the company's high union-driven high labor costs were combined with the extremely high pension and health care costs it had awarded its unions in better times, the company was quickly heading for bankruptcy and quite possibly for liquidation. In that environment, GM decided to bet big on a new mass market production car, one that could deliver 50 miles per gallon - more than double...
  • GM's 'Gay' Chevrolet Volt Ad Goes Viral

    07/18/2012 2:41:18 PM PDT · by rightwingintelligentsia · 21 replies
    MSN Auto ^ | July 18, 2012 | Joshua Condon
    Last month, General Motors ran a print ad for the Chevy Volt in Between the Lines, a newspaper for gays and lesbians in the Michigan area, for a reported total cost of $750. The ad was created specifically for the lesbian, gay, bisexual and transgender (LGBT) community around the Detroit Gay Pride 2012 festival in June, with a rainbow icon running beneath the image and a tagline of an anthropomorphized Volt saying, "Mom, Dad, I'm electric" to a pair of Chevy models -- a Tahoe and Cruze -- looking on from the sides. The ad also included text that said,...
  • Media Fail: Chevy Volt Makes NO Money, Costs Taxpayers Hundreds of Thousands of Dollars Per Car

    07/17/2012 11:43:44 AM PDT · by grundle · 20 replies
    Newsbusters ^ | July 17, 2012 | Seton Motley
    The Jurassic Press is missing much in their reporting on the $50 billion bailout of General Motors (GM). The Press is open channeling for President Barack Obama - allowing him to frame the bailout exactly as he wishes in the 2012 Presidential election. The President is running in large part on the bailout’s $30+ billion loss, uber-failed “success.” And the Press is acting as his stenographers. An epitome of this bailout nightmare mess is the electric absurdity that is the Chevrolet Volt. The Press is at every turn covering up - rather than covering - the serial failures of President...
  • Chevy Volt 60-Day Return Makes Tax Credit Abuse Likely

    07/12/2012 9:54:29 AM PDT · by jazusamo · 15 replies
    National Legal & Policy Center ^ | July 12, 2012 | Mark Modica
    General Motors has announced a 60 day money back guarantee policy for all new Chevy models, including the Chevy Volt. The move sets up a scenario where purchasers can buy a Volt, claim the $7,500 federal tax credit (and most likely state credits) and return the vehicle for a refund within 60 days. Did GM really not consider this glitch, or is this just another way for Government Motors to prop up politically important Volt sales leading up to November elections? IRS tax form 8936 , for plug-in motor vehicle credit, does not have any minimum time requirement for buyers...
  • Insider: 1.4L Engine Discontinued in 2014 Chevrolet Volt

    06/11/2012 10:56:03 AM PDT · by jazusamo · 38 replies
    Inside EV's ^ | June 11, 2012 | Jay Cole
    The 1.4L Four Cylinder Engine Currently Found in the Chevrolet Volt All we had known for sure about the future of the Chevrolet Volt was that it will be undergoing a powertrain upgrade in about a year’s time. That is until now. A source inside the company (who did not wish to be identified) confirmed to InsideEVs that the 83 hp, 1.4L engine that is currently in use as an extended range generator for the Volt will “definitely not” be in the 2014 model year that begins production in the summer of 2013. It is thought that the 1.4L...