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Obama touts this as success
- Thread starter wildchild
- Start date
My battery has never let me down.Quote from AAAintheBeltway:
OK, you had a minor point before spoiling it with the real estate example.
The cost apparently does include R & D costs. So how much they are losing depends on how you define costs. If it is only marginal costs or variable costs, clearly they are not losing that much per unit. They're probably still losing, just not that much. You can't run a car line for the volumes they are doing and not lose.
But the costs are there. somebody has to pay for them.. oh wait, the taxpayers got to do that, didn't they. So the $40 billion or so Obama pissed away to pay off his union paymasters just doesn't count.
You could make an argument that at least some of the R&D would make its way into later vehicles, but the Volt has been such a total and complete disaster, GM may be out of business before they can recoup any of it.
The biggest problem with the Volt is they start out with a piece of crap, then put a battery and electric motor in it. A battery that may not get you downtown and back. You'd have to be a total moron to buy one of these instead of a Prius.
Your political opinions are clearly clouding your ability to make a sensible argument. The Volt cost a whopping $1.2billion to develop. Are you arguing that $1.2billion is going to put GM out of business? The Volt will be implemented into other designs. This is just the begininng.
The biggest problem with you is that you are so closed minded in your thinking that you would rather see a good thing fail to score political points than admitting that they may be on to something, or to at least even let it run it's course and see what happens. Only one person that I know who has test driven a Volt has ever said they didn't love it. She bought a Cruze instead.
By the way, I can't tell you how many current owners of Prius's are now looking at Volt's. Nearly all Volt purchasers are currently non GM owners.
Um actually, our fleet department has sold only a handful of Volt's. The governments aren't buying them. Company's aren't buying them either. I have sold 20 Volt's in the past 9 weeks. Every one of them was to a regular person.Quote from AAAintheBeltway:
Bingo. Busted. He claims to be moving Volts like free beer. Maybe he is, provided he has the Defense Department contract. No one else is buying them.
Average Joe is buying them. He's buying it for his commute. He's buying it as a second car cause his suv gets 13 MPG. He's buying it because he loves the technology. He's buying it cause he wants to stick it to the oil man.
There are no end to the stories about the stupidity of the volt.
The Chevy Volt costs close to $90,000 to manufacture while it retails for $40,000 according to information gathered by Reuters.
âNearly two years after the introduction of the path-breaking plug-in hybrid,â writes Reuters, âGM 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.â
âCheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher,â the wire service says. âThere 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.â
Ok. So hereâs the math that GM (GM) faces on the Volt: 10,666 Volts were sold in the first seven months of 2012. At an average loss of $49,000 per vehicle thatâs a loss of $522,634,000.
A $523 million dollar loss on a car that wonât sell 20,000 units in 2012?
To put this in perspective, the company has probably shaved at least $4 billion off its market value by squandering money on the Volt. Right now the company is trading at about 8.31 times itâs earning. Assuming GM didnât produce the Volt at all and just held on to the cash savings, the $523 million in cash multiplied by the market value of 8.31 times earnings comes out to $4,343,088,540 in lost value for the shareholders.
Those shareholders are you and me.
It would be cheaper for the company to quietly ask potential Volt buyers if they would take a $40,000 check just to go away.
Two weeks ago GM was bragging that Volts were selling at a record pace. Now it appears that it may be years and years and years before the company makes money selling the Voltâs old technology as something new.
http://finance.townhall.com/columni...a_green_investment_loses_a_billion/page/full/
The Chevy Volt costs close to $90,000 to manufacture while it retails for $40,000 according to information gathered by Reuters.
âNearly two years after the introduction of the path-breaking plug-in hybrid,â writes Reuters, âGM 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.â
âCheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher,â the wire service says. âThere 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.â
Ok. So hereâs the math that GM (GM) faces on the Volt: 10,666 Volts were sold in the first seven months of 2012. At an average loss of $49,000 per vehicle thatâs a loss of $522,634,000.
A $523 million dollar loss on a car that wonât sell 20,000 units in 2012?
To put this in perspective, the company has probably shaved at least $4 billion off its market value by squandering money on the Volt. Right now the company is trading at about 8.31 times itâs earning. Assuming GM didnât produce the Volt at all and just held on to the cash savings, the $523 million in cash multiplied by the market value of 8.31 times earnings comes out to $4,343,088,540 in lost value for the shareholders.
Those shareholders are you and me.
It would be cheaper for the company to quietly ask potential Volt buyers if they would take a $40,000 check just to go away.
Two weeks ago GM was bragging that Volts were selling at a record pace. Now it appears that it may be years and years and years before the company makes money selling the Voltâs old technology as something new.
http://finance.townhall.com/columni...a_green_investment_loses_a_billion/page/full/
Quote from Sandybestdog:
He's buying it cause he wants to stick it to the oil man.
That is an interesting comment I've heard now and then. Personally, I don't care to stick it to the "oil man". I just like to make money so I don't care what gas costs, or how many mpg I get, or have to drive something fuel efficient. What's the point of that? and why do I have to be efficient or conserve? Boomers will be dropping like flies soon (aging out) this will more than makeup for the loss of efficiency I and a few others might waste driving around in a suv.
Why is defending something with a reasonable argument shilling but relentlessly bashing it to pander to a political base freely accepted and in fact encouraged?Quote from pspr:
And, still, Sandydog doesn't want to talk about his/her shilling activities. But does admit to stalking Chevy volt threads. Do tell us about your motives, employers and activities with this regard.
And, name calling will just get you questioned even more.
Your needs/desires in a car purchase may be different than another person's. It doesn't make it right or wrong. You do what works for you, and somebody else can do what works for them.Quote from nutmeg:
That is an interesting comment I've heard now and then. Personally, I don't care to stick it to the "oil man". I just like to make money so I don't care what gas costs, or how many mpg I get, or have to drive something fuel efficient. What's the point of that? and why do I have to be efficient or conserve? Boomers will be dropping like flies soon (aging out) this will more than makeup for the loss of efficiency I and a few others might waste driving around in a suv.
Baby boomers are about ready to bankrupt the entire social security/medicare system. How do you think the government will pay for that? They'll inflate their way out of it and that will cause oil prices to continue to rise.
Quote from Sandybestdog:
My battery has never let me down.
Your political opinions are clearly clouding your ability to make a sensible argument. The Volt cost a whopping $1.2billion to develop. Are you arguing that $1.2billion is going to put GM out of business? The Volt will be implemented into other designs. This is just the begininng.
The biggest problem with you is that you are so closed minded in your thinking that you would rather see a good thing fail to score political points than admitting that they may be on to something, or to at least even let it run it's course and see what happens. Only one person that I know who has test driven a Volt has ever said they didn't love it. She bought a Cruze instead.
By the way, I can't tell you how many current owners of Prius's are now looking at Volt's. Nearly all Volt purchasers are currently non GM owners.
I don't see the merits or lack thereof of the Volt as political at all. Obviously because of Obama's reckless bailout of the UAW, taxpayers have a stake in the success of GM. As of now, that campaign payoff is looking to cost the taxpayers around $40 billion as I recall. Pissing away more billions on a prodcut no one wants will not turn that around.
I am not a GM basher. I have posted elsewhere that I like Chevy trucks. I have a Tahoe and it is great.
There are plenty of buyers looking to buy electric cars, plug ins and hybrids. For some reason they are not buying Volts. Instead of lying about how well they are selling, you might want to think about that. You were posting months ago that they were on back order, etc. Obviously total BS. The Volt is one of the biggest disasters in the history of the automobile business. That is a fact.