Skip to comments.
Insight: GM's Volt: The ugly math of low sales, high costs
Reuters ^
| 9/10/12
| Bernie Woodall and Paul Lienert and Ben Klayman
Posted on 09/10/2012 5:03:05 PM PDT by Impala64ssa
(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 and manufacturing experts. GM on Monday issued a statement disputing the estimates.
Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher.
(Excerpt) Read more at reuters.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: automotive; generalmotors; gm; governmentmotors; govtmotors; volt
Navigation: use the links below to view more comments.
first 1-20, 21-35 next last
To: Impala64ssa
The current price is so shocking it isn’t surprising it fell short of expectations and no one took it ohm.
2
posted on
09/10/2012 5:07:28 PM PDT
by
freedumb2003
(obozo could bring back literal slavery with chains and still he will get 97+% of the black vote)
To: Impala64ssa
Serving the phony god’s of AGW is a costly biatch.
3
posted on
09/10/2012 5:08:00 PM PDT
by
Puckster
To: freedumb2003
My resistance to replying has broken down; you’ll probably catch a lot of static if you don’t amp-up the quality of your comments.
4
posted on
09/10/2012 5:09:44 PM PDT
by
Izzy Dunne
(Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
To: Impala64ssa
FOR SALE: Used Chevy Volt: Free of Charge.
5
posted on
09/10/2012 5:10:59 PM PDT
by
Izzy Dunne
(Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
To: Impala64ssa
Sadly, the Volt is my husband’s company car that he has to drive...I don’t even like getting in the darn thing and neither does he!!! (I will let you guess what company it is.)
6
posted on
09/10/2012 5:15:09 PM PDT
by
MasonGal
To: Izzy Dunne
With a battery of statements like that, you seem a little negative.
In person I am sure you are a live wire and a lot more positive!
7
posted on
09/10/2012 5:16:44 PM PDT
by
freedumb2003
(obozo could bring back literal slavery with chains and still he will get 97+% of the black vote)
To: MasonGal
>>(I will let you guess what company it is.<<
You don’t want make a plug for it?
8
posted on
09/10/2012 5:18:32 PM PDT
by
freedumb2003
(obozo could bring back literal slavery with chains and still he will get 97+% of the black vote)
To: Impala64ssa; All
9
posted on
09/10/2012 5:18:39 PM PDT
by
musicman
(Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
To: Impala64ssa
There is one in my neighborhood but I think it is someone from a dealership who drives it home from time to time. I did not pay much attention to the car until I noticed the big black charging cord coming out of the side in front of the drivers door and running into the garage.
To: freedumb2003
The current price is so shocking it isnt surprising it fell short of expectations and no one took it ohm. Customer reactance just hasn't been good at all. The Volt is not resonating with the public.
11
posted on
09/10/2012 5:20:36 PM PDT
by
Bob
To: MasonGal
You can lease one now for $299 mo. I don’t see how they can make any money on that. Right now, I probably spend close to $200 a month just on gas, and I’m not driving a gas guzzler either.
12
posted on
09/10/2012 5:22:07 PM PDT
by
smokingfrog
( sleep with one eye open (<o> ---)
To: Izzy Dunne
You are discharged from this thread.
13
posted on
09/10/2012 5:25:06 PM PDT
by
smokingfrog
( sleep with one eye open (<o> ---)
To: Parley Baer
Smart man. That have/had a nasty habit of catching fire while charging or just parked.
14
posted on
09/10/2012 5:26:04 PM PDT
by
matt04
To: smokingfrog
You are discharged from this thread. My first ZOT ?
15
posted on
09/10/2012 5:29:17 PM PDT
by
Izzy Dunne
(Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
To: MasonGal; All
16
posted on
09/10/2012 5:31:37 PM PDT
by
KevinDavis
(Romney / Ryan 2012)
To: Izzy Dunne
Don't make me call the Pun Polizia.
17
posted on
09/10/2012 5:43:25 PM PDT
by
smokingfrog
( sleep with one eye open (<o> ---)
To: Impala64ssa
Your pun is revolting. ABC is claiming you can lease a Volt for $5000 for two years. $200 per month for an $89,000 car! Only makes sense using the brilliant math of Three Letter Joe Biden.
Just wait for the health care ‘bargains’.
To: Impala64ssa
What Reuters failed to mention is the taint of Obama & the unfair (illegal?) reorganization of GM in favor of the UAW & to the detriment of everybody else.
GM made a pact with the Devil & I'm not going to support it in any way. I imagine many feel the way I do. I wouldn't drive a Volt if it was given to me.
19
posted on
09/10/2012 5:45:47 PM PDT
by
Mister Da
(The mark of a wise man is not what he knows, but what he knows he doesn't know!)
To: KevinDavis
20
posted on
09/10/2012 5:49:10 PM PDT
by
MasonGal
Navigation: use the links below to view more comments.
first 1-20, 21-35 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson