Posted on 05/29/2011 12:19:45 PM PDT by george76
the Chevy Volt ...was $43,000. The dealership also gets a tax credits of $7,500 per Volt...
Will GM earn a profit on Volt sales ? ...
The Volt costs $81,000 to build per unit and has sold 493 units in April for a loss of $38,000 per unit, paid for by taxpayers ...
I would love it if the private sector developed a workable, cost effective electric car (even though we plug the car into a grid with power generated by coal burning plants). But the Volt seems like something directly out of the old Soviet Union where Stalin would order production of products, even if it made little or no sense.
The Volt picture on Chevy’s web site look cooler than it does in person, at least to me. I thought it was a $43,000 Malibu. (prices for the Malibu start at $21,000).
Central planners, PLEASE stop with the social and economic engineering. It never works and we get the failed Soviet Union as a result.
(Excerpt) Read more at confoundedinterest.wordpress.com ...
Chevy Volt: Central Planning in Action – 493 units sold in April at a loss of $45,550 per unit to taxpayers
Volts for dolts.
That's all right. They'll make it up on volume.
The list, ping
Let me know if you would like to be on or off the ping list
Government Motors at it’s best.
With a P&L like that I wouldn't last a month in business....
But then again I can't put a gun to the heads of taxpayers and demand a profit on my product.
Freedom my arse!
The Volt is the perfect car for those who must park overnight on the street or in an underground garage where there are no outlets. It’s also perfect for those whose boss won’t let them plug it in at work in because the electric bill has already caused him to lay off five workers. It’s great for those who live in an area with punks and hoodlums who derive fun from unpluging cars in the middle if the night so when owners try to get to work in the morning (if they have a job), they have to bus it to work because the battery is dead, or...
I wonder why the Volt pushers on this site don’t come to threads like this..
From the original:
“for a loss of $38,000 per unit, paid for by taxpayers without the rebate. With the rebate, the loss per unit is $45,500”
Where does the extra $50 come from? (It’s in the title of the original, too.)
This not my blog . Plus I do not have blog anywhere.
Second, this was not posted in news.
Third , this was originally posted in Bloggers & Personal.
Fourth, do some research before making repeated false statements.
Fifth...
Goods post. I’m moving this to the news forum. Thanks
Because there is no defense for this socialistic bull squeeze?
Someone let the air out of the tires. Looks like this turd is going nowhere.
Where did the $81,300 per unit come from? Because GM, last I heard said it cost them about $40,500 to build one. Are you lumping in all the years of R&D into the 1st year models?
Ah, that's where the loss comes from. I couldn't figure it out -- I'd never heard that figure of a $45K loss per car. I'm no fan of Gov't. Motors or the Volt, but misrepresenting costs like this don't make much of an argument.
In the end, it's a shame, though. If this car had been developed by a non-government corporation without any taxpayer subsidies to the buyer, I'd be pleased to see the technology advancing. I wouldn't buy one, but I'd be pleased.
Just leave me with my '97 F-250 and I'll be happy.
Yes, $81,000 is the average cost of building the Volt include R&D. GM claims that the MARGINAL COST of building a Volt is around $40,000. So is the person wrong?
No. GM got gov’t bailouts, grant/incentives to build an electric car. When you include gov’t subsidies, its $81k per vehicle.
They will have to sell thousands and thousands to clear the overhead on this car. And taxpayers are subsidizing the Volt until it sells breakeven number of units.
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