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Old 09-10-2012, 09:03 AM
 
5,787 posts, read 4,706,478 times
Reputation: 853

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Insight: GM's Volt: The ugly math of low sales, high costs

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.


And while the loss per vehicle will shrink as more are built and sold, GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others.


GM's basic problem is that "the Volt is over-engineered and over-priced," said Dennis Virag, president of the Michigan-based Automotive Consulting Group.
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Old 09-10-2012, 09:07 AM
 
Location: Cape Coral
5,503 posts, read 7,315,724 times
Reputation: 2250
We would be better off going to natural gas vehicles. There is no demand for the Volt unless Obama can force gasoline prices even higher than he and the fed have done already.
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Old 09-10-2012, 09:14 AM
 
5,787 posts, read 4,706,478 times
Reputation: 853
Quote:
Originally Posted by rikoshaprl View Post
We would be better off going to natural gas vehicles. There is no demand for the Volt unless Obama can force gasoline prices even higher than he and the fed have done already.

...and the problem with that reasoning is that if you can't afford the high gas prices, you probably can't afford a Chevy Volt either.

Yes, natural gas is now cheap thanks to CORPORATIONS drilling on PRIVATE and STATE land
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Old 09-11-2012, 07:38 AM
 
Location: None of your business
5,466 posts, read 4,413,874 times
Reputation: 1179
wow the dems think Obama is a good investor. Yet I will bet they would not invest in GM.
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Old 09-11-2012, 07:52 AM
NCN
 
Location: NC/SC Border Patrol
21,662 posts, read 25,566,362 times
Reputation: 24373
Have taxpayers been paid back all the money GM owes them? Is GM losing that much money or are the taxpayers losing that money? Just asking?

And no I don't think most people would invest in GM if they have a choice. That is why government money does NOT belong in private business for any reason.
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