Time for another bailout. Oops, Trump may not go for a green bailout. Why should taxpayers be on the hook for their stupidity? Maybe they were counting Hillary to get elected and now they’re up the creek.
They plan to make it up on volume.
You know, President Trump might not approve of those regulations. GM is deliberately losing money because of market distorting ideas.
i would NEVER buy a battery car. the battery has lots of problems including environmental
but consider also that our local electric company is a greedy corrupt monopoly that buys the rate increases it wants anytime it wants them, resulting in $150 a month chrages for just modest E use without any heating gas at all (gas turned OFF all month)
turn on the light bulb and a fan, yes with a small refrigerator but almost zero cooking going on.... and you pay $150!
ripoff ripoff ripoff.
NO WAY am I gonna give the ripoff monopoly electric company control over my transportation, too!!!!!!!!!!!!!!!!!!!!!!
They will make it up on volume no worries
.
We really need to ban electric cars on interstate funded highways.
They are guaranteed deathtraps and potential road blocks if the power grid goes down.
We simply cannot take the chance of hazard that they pose.
.
Nonsense. Stockholders and buyers of their products loose it.
You’d have to be a nut to buy a Bolt.
I’ll buy one cheap to drive around my yard.
They lose a little on every sale but make it up on volume.
Yy, yet another greenie wet dream vehicle that pollutes worse than a normal vehicle.
(Look it up greeners, the heavy metals in the batteries, plus the plastics, plus the power generation to charge it. It is a coal burner in effect.)
The company is taking a $9000 hit per car.
Can someone explain WHY in the world they’d do that??
Companies are supposed to run at a PROFIT. Where is the logic and sense in this bonehead move?
You can buy a golf cart for that. I see lots of idiots driving them around town.
I would never buy a Chevy after the bailout that ripped off the bond holders.
another obama failure; he gave this car his blessing.
The auto industry has no choice but to lose money on these idiot products.
The givernment mandates a certain mpg across each brands fleet.
The thing is, consumers don’t to lose power, to gain fuel efficiency.
What to do? In the case of Ford, they found innovative ways to reduce weight on passenger vehicles using highly resilient plastics.
To maintain power, while reducing fuel consumption they have installed “Twin Scroll Turbo’s” on a large portion of their fleet.
They have the widest inexpensive of hybrid, hybrid plug-ins and fully electric vehicles of any manufacturer. The advantage is better fuel efficiency because less fuel used, according to how the givernment measures fuel efficiency.
You give up trunk space and a few other things but, in California, where every highway is a traffic jam , the Ford Cmax and Fusion Energi autos are eligible for an HOV sticker.
Guess what actually happens to the plug in part of, which is suppose to be a benefit? After 3 weeks of ownership, 86% of Energi owners chuck the cord, because what they really wanted was the benefit of the HOV sticker, without the price tag of more expensive vehicles such as BMW, Tesla, etc.
And the F150, which is the number one selling vehicle in the world for the 40th year in a row, has just had a 700 pound weight reduction to save fuel, by using military grade aluminum, which is corrosive rust free and more resistant to dents than standard sheet metal.
They have also installed twin Turbo’s on the F15O line, as it was the F15O which was really making it difficult to reach the CAFE standard set by the current administration.
Back to hybrids and electric vehicles. They are taxpayer boondoggle and outright welfare for people who can clearly afford a new car.
In California a new Ford Cmax/Fusion Energi owner can receive $7,500-9,000 in rebates on their taxes with fed and state incentives.
And they get to use the HOV lane. Believe me, they rarely have more than just the driver in the car, so this subsidy makes no sense, as it is patently and wholly unfair to the rest of us who paid around $.60 cent per gallon in taxes for gas , which funds these same roads and lanes being used by the welfare Queens of daily commuters.
But wait!!! Their’s more!!!
In addition to the wonderful direct bene’s the tarts in givernment blithely hand out, these cars are heavily subsidized on the manufacturing side.
That right, each car is built was estimated, at one time, to receive as much as $15,000 toward manufacturing these luxury vehicles.
Again, that’s right, luxury. Most of these vehicles comes with plush leather and advanced features as basic trim levels, to further incentives you into buying one.
Still, at a cost to the rest of us and exclusive rights of use for those owners. Consider, besides getting to drive in the fast lane, they also receive preferred parking almost everywhere. Yeo, Mr/Ms Gaia, park right up front
Oh, and the electric charging station they get to use almost everywhere? Tax payer subsidized.
These cars wouldn’t exist without the heavy tax incentives and bene’s.
Welfare queens.