Posted on 09/10/2012 5:40:25 AM PDT by Cincinatus' Wife
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.
(Excerpt) Read more at reuters.com ...
GM losing $49K on each Volt?
Are they making it up in volume? lol
exactly my first thought
Twentieth Century Motors
There may be some serious maintenance involved for the batteries as well if they are not used.
Some of the newer battery packs are pretty much ruined if they are completely discharged.
Bravo! You are both correct.
Of course, they did pass a mandate to raise average MPG. Which is a backdoor way of forcing their will.
“That 2 year lease is a sweet deal.”
Only if it is kept well away from any flammable part of your home - seems Gubbamn’t Motors built a mobile fire bomb.
Y’know, that’s why they quit making electrics in the first place... too expensive, not enough performance.
I’d pull the battery pack just in case. :)
About as subtle as Al Gore and his "Inconvenient "Truth"".
This is a job for...
http://www.themorlockrevolt.com/2012/09/comic-book-paul-ryan-norse-god-of-math.html
BTW, check out chart here (scroll down); As well as the story in today’s group from ZH (Zero Hedge) on upcoming unemployment numbers next round.
http://directorblue.blogspot.com/
OT Stuff/ 110 dead in Iraq, Plant Pizza Guy, etc.
http://www.thegatewaypundit.com/
-——At 85 it’s not going very far.-——
That’s what I thought especially since he was on I 40 and headed into the mountains : )
Dear Gummint Answer Man: If I buy a Volt and take all the tax credits and rebates - how does this affect my “Fair Share” Signed, Joe Taxpayer.
Answer:
Joe TP - Since WE determine what is “fair” you’re good to go! Buy! Spend! It’s like paying yourself!
No easy task. Drop a screwdriver in the wrong place it’s Zap City.
....and store it in a separate building.........like one you wouldn’t mind if it burned down......
They can raise the CAFE standards all they want, but as long as the 2nd Law of Thermodynamics is in force it will do them no good.......
Well, they have to revive the Housing Industry somehow if they want to grow the economy........two birds, one stone......
Yeah, but they’ll get $84000 when they sell it used.
Found On the Road Discharged.
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