Government Motors Volt Costs Taxpayers $250,000 per Vehicle

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posted on Jan, 6 2012 @ 10:51 PM
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All US spec Volts will remain to be produced at the Detroit Hamtramck Assembly Plant in Michigan!

The plan to open a facility in China will be so that production of the Holden Volt sold in Australia and New Zealand will be produced there but all Chevrolet badged model production to remain stateside!

wot.motortrend.com...

BTW, GM announced the 2012 pricing to be $39,995 a drop of $1,005 from 2011 model year! Prices are coming down, even though slightly they are coming down.

The Volt will be a non limited production vehicle!




posted on Jan, 6 2012 @ 10:52 PM
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reply to post by DontTreadOnMe
 


The title of the thread on the original source is misleading and a lie!



posted on Jan, 7 2012 @ 01:36 AM
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Originally posted by TheImmaculateD1
All US spec Volts will remain to be produced at the Detroit Hamtramck Assembly Plant in Michigan!

The plan to open a facility in China will be so that production of the Holden Volt sold in Australia and New Zealand will be produced there but all Chevrolet badged model production to remain stateside!

wot.motortrend.com...

BTW, GM announced the 2012 pricing to be $39,995 a drop of $1,005 from 2011 model year! Prices are coming down, even though slightly they are coming down.

The Volt will be a non limited production vehicle! meaning more then 5,000 will be made! There already have sold more Volt's then Lamborghini will make of it's Aventador from 2011 - 2021 Uber limited class is less then 1,000 total! Pagani's, Bugatti's are rare finds with no more then like a couple hundred at most! The Lamborghini Reventon Coupe and Roadster are by far amongst the ""Rarest of The Rare" class which there is none above that as there are 21 2008 Coupes (list new $1,450,000 USD current value $2,750,000) 16 2010 Roadsters ($1,650,000 curr val $3,100,000). I can name a few hundred rare gems that make the Volt look common! Final model sales for the Volt for Model Year 2011 is 14,510 models all in America made by Americans!


Modified in quote! D1!
edit on 7-1-2012 by TheImmaculateD1 because: (no reason given)



posted on Jan, 7 2012 @ 06:01 AM
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reply to post by TheImmaculateD1
 


BTW, GM announced the 2012 pricing to be $39,995 a drop of $1,005 from 2011 model year! Prices are coming down, even though slightly they are coming down.


Is that price-cut for the "standard," spontaneous combustion" model, or the "Chinese demonstator" model shipped to Shanghai last year?

Your "MotorTrend" or made-up 2011 "sales" figures are off by about 100%.

jw



posted on Jan, 7 2012 @ 06:36 AM
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reply to post by jdub297
 


14,510 built and sold since October 2010 :
GM Investor Relations Website :
media.gm.com...

You were saying?

The Motor Trend article is spot on as that is why they are recognized globally by everyone in the auto industry as "The World's No. 1 Automotive Authority!" a title it's held down now going on 4 decades! Motor Trend is so influential it's review of a car can either make or break the model. Any cars success is contingent upon a positive review from M/T! That's the reason why they have been around since 1949 and have one of the largest loyal fanbases in periodical publication media with over 2 Million subscriptions and most (90%) get renewed for decades at a time as most lapse because the subscriber died! I'm a subscriber since Oct 1995! Every single model they've praised is still in production while those that they hate never see production again!

Top Gear Magazine in The UK is Motor Trend taken to the next level and whose fanbase is considerably larger!

I'll wait and see when they test the Opel Ampera PHEV shortly! The Opel is the Euro version of the Volt. Sold Down Under as The Vauxhall and Holden Volt so it is a World Car!
edit on 7-1-2012 by TheImmaculateD1 because: (no reason given)



posted on Jan, 7 2012 @ 07:31 AM
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reply to post by buddhasystem
 


I suggest you heed your own statement as well. Seems you went off topic.
The fact still stands that GM is operating on an interest free loan from the Govt and huge Tax Subsidizes to manufacture a vehicle that is not only being recalled, but investigated for fire hazard now outside just the power cord, and MAY be moving manufacturing to China.



posted on Jan, 7 2012 @ 07:34 AM
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Originally posted by TheImmaculateD1
All US spec Volts will remain to be produced at the Detroit Hamtramck Assembly Plant in Michigan!

The plan to open a facility in China will be so that production of the Holden Volt sold in Australia and New Zealand will be produced there but all Chevrolet badged model production to remain stateside!

wot.motortrend.com...

BTW, GM announced the 2012 pricing to be $39,995 a drop of $1,005 from 2011 model year! Prices are coming down, even though slightly they are coming down.

The Volt will be a non limited production vehicle!


The article you provided is from March 2010. A little late for my taste to be quoted from.

The articles posted in this thread just a day or two ago show that GM is looking at moving manufacturing to China. If only to sell the vehicle in China, but we all know that once there, the cheap manufacturing in China will provide a path for all manufacturing of the vehicle.
edit on 7-1-2012 by macman because: Spelling



posted on Jan, 7 2012 @ 08:09 AM
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reply to post by TheImmaculateD1
 


14,510 built and sold since October 2010 :
GM Investor Relations Website :
media.gm.com...


First, you are citing GM's production figures, which have NOTHING to do with sales; and, include "give-aways" to fed, state and local gov't; tesing institutions, the Chinese government, celebrities, news agencies, delaers and dealerships, spontaneoulsy combusted and otherwise destroyed vehicles and, UNSOLD INVENTORY!

Given that GM's acknowledged consumer "sales" total 7,671; this means that about 100% of that number was UNSOLD! (or, MORE THAN 50% of total production unsold)

Also of the 50% total production actually sold, 100% of those have now been recalled (or "called-back," for the gullible)!


You were saying?


Some people have no idea what they are posting, or just do not care for understanding what they read.
Some, deliberately distort, attempt to derail, and cannot control their mental processes to stay on-topic.

Want proof?
Read this post:
post by TheImmaculateD1

deny ignorance

jw
edit on 7-1-2012 by jdub297 because: (no reason given)



posted on Jan, 7 2012 @ 08:44 AM
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reply to post by macman
 


GM didn't have the car ready for testing an certification until Q4 09 at which such a time Motor Trend was picked to Exclusive it in Q4 09 as an issue today is as much as 2 months ahead of the current issue. Right now Spring 12 Q2 12 is pretty well done.

It was greenlighted and in dealers in less then what? Introduced Q1 06 to dealer Q4 10 so 4 3/4 yrs with full regulatory clearances cleared and passed flawlessly. NHTSA gave it a 5 Star across the board. Only sustained injury would be at side impact but it's proven that you'd live!

Yet again you are not saying anything about a remote chance of jobs being outsourced. Jobs rate fell to 8.4% and someone's ticked as GM seems to be for the most part coming along at a satisfactory, albeit at a far slower rate then what we're used to seeing from them and don't expect a return to that until year 10 or 11 at the earliest which would end in 2020! In 2 years time come back and say it's a failure and we will see then what's good. Let time decide this one shall we? No bets, no wagers no none of that!
edit on 7-1-2012 by TheImmaculateD1 because: (no reason given)



posted on Jan, 7 2012 @ 08:59 AM
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Originally posted by TheImmaculateD1
reply to post by macman
 


GM didn't have the car ready for testing an certification until Q4 09 at which such a time Motor Trend was picked to Exclusive it in Q4 09 as an issue today is as much as 2 months ahead of the current issue. Right now Spring 12 Q2 12 is pretty well done.

It was greenlighted and in dealers in less then what? Introduced Q1 06 to dealer Q4 10 so 4 3/4 yrs with full regulatory clearances cleared and passed flawlessly. NHTSA gave it a 5 Star across the board. Only sustained injury would be at side impact but it's proven that you'd live!


What in the world are you talking about?

We are speaking sales figures (Or lack of) and you go off topic about safety issues.

The article you provided is old and does not reflect the current numbers.



posted on Jan, 7 2012 @ 09:17 AM
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reply to post by macman
 


7,671 units for MY2011 and by comparison has outsold the Toyota Prius (thatm btw is a resounding success that more then a million are in driveways today all across the nation. The Gen 2 Prius was launched in 2000 when the car came stateside as 2012 marks that cars 14th year) with a mere 5,600 units in 2000. People slammed that then and look at where it's now, an industry benchmark and standard for whose shadow the Volt will remain under until it It wasn't supposed to sell a million units first year. That would've forced it into bankruptcy over mounting debt. Not going to happen there! I'd rather then 7,761 in customer hands then say 2,500! As long as it stays above supercars and sports cars it's good. Heck, there were less 2007 Shelby GT500 Coupes and yet each sold out and was classed as a resounding success but yet decry this a failure. Lamborghini built less then 5,000 Murcielago's total between 2001 - 2010 and was considered a success! One car that is another success is the Fiat 500 with nearly 20,000 out the gate!

www.autoguide.com...

Instant gratification and world record speed in matters of profitable turnaround is not to be expected here anytime before like Year 3 or 4!. You can't have a company go from life support to sustainability in 6 months! Stop being impatient and I wouldn't worry about the China deal.
edit on 7-1-2012 by TheImmaculateD1 because: (no reason given)



posted on Jan, 7 2012 @ 10:27 AM
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reply to post by TheImmaculateD1
 


Ok, first off comparing or even mentioning Lamborghini in this thread is about as pointless as it gets.
One is a custom made vehicle, the other is mass produced.

Secondly. We are not discussing the Prius.
The Topic, at the core, is the Volt.
Third, you basically just keep restating the love for GM and the Volt.
That is nice and all, and it has been noted.

Forth, the vehicle is now on the recall list, under Federal Investigation for Fire hazards.

So, what is the point of your continuation on this thread?


edit on 7-1-2012 by macman because: Spelling



posted on Jan, 7 2012 @ 10:39 AM
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The crash test people crash tested 3 Chevy Volts.

3 weeks after they were crashed, they caught on fire from damage to the batteries. To be expected.

In real life the cars would have been repaired and the batteries replaced.


General Motors and the Federal Government don't want Americans having electric cars and they've been doing a successful campaign against Electric Cars for decades.

They need America driving Gas Guzzlers to justify the ships coming in full of oil to support a military need for instant global reach.



posted on Jan, 7 2012 @ 11:15 AM
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reply to post by Pervius
 


obviously you don't know much about collision repair. The insurance company is not going to replace a battery unless it was visually damaged. And at the cost of replacement with no large quantities of used batteries, the car would likely be totalled where it would set in a repair shop or junk yard until it burns down.



posted on Jan, 7 2012 @ 01:16 PM
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reply to post by TheImmaculateD1
 


Instant gratification and world record speed in matters of profitable turnaround is not to be expected here anytime before like Year 3 or 4!. You can't have a company go from life support to sustainability in 6 months! Stop being impatient and I wouldn't worry about the China deal.



"Instant gratification?" How about, "buyer's remorse?"


The Chevrolet Volt lands on the 24/7 Wall St. list of The Worst Product Flops of 2011. The Volt was listed as number 3 on the list.
24/7 Wall St. cites the reasons for it making the list are poor sales and investigations into fires in the electric cars.
Edmunds reports the Volt sales fell considerably short of General Motors' projections. Through November, the automaker had sold 6,142 Volts. According to Edmunds, full-year sales are expected to total less than 7,500 units, GM's sales target for 2011 was 10,000 units.

www.wlns.com...

"Wait" 3 to 4 years? It may not make it that far!
All of your "projections," and your buddy's "debunking" are based upon false assumptions and overwrought hype.


General Motors’ high-profile electric Chevy Volt fell short of targets.

The company reported today that it sold 7,671 Chevy Volts in 2011, fewer than the 10,000 it had expected to sell. There were more than 1,500 Volts sold in December, the best month since the car was launched in late 2010.

Electric vehicles are cheaper to fuel up but internal combustion engine efficiency continues to improve and hybrids have become more commonplace. Unless there is a spike in the price of gasoline, many analysts expect electric vehicle sales to remain a small fraction of overall sales in the next five years because of that higher purchase price.

news.cnet.com...

Ooops!

(Facts speak louder than illusions.)

deny ignorance

jw



posted on Jan, 7 2012 @ 01:45 PM
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reply to post by TheImmaculateD1
 


The difference in sales figures from the volt to other hybrids when the first came out is that Honda sold all of the insights and Toyota sold all of the Prius' they produced. It was a new market for unproven technology, but they still sold all they produced. The Volt isn't really anything new, it is just a more expensive and unproven version of the hybrids.
Just wait until the plugin Prius is for sale, I guarantee they will sell more than 50% of production.



posted on Jan, 7 2012 @ 06:55 PM
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Originally posted by macman
reply to post by buddhasystem
 


I suggest you heed your own statement as well. Seems you went off topic.


Wait, I addressed the grossly wrong number in the title of the thread, and you have the nerve to tell me I'm off topic? You must be having a hard time figuring out what the topic is!


The fact still stands that GM is operating on an interest free loan from the Govt


You haven't checked the news in a long time. Oh well.


and huge Tax Subsidizes to manufacture a vehicle that is not only being recalled


Again, I could understand this if you lived under a rock, but hey... Maybe you do. A lot of vehicles undergo recalls once or many times during their production lives. My VW was under a few recalls, so what?



posted on Jan, 7 2012 @ 07:16 PM
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post removed because the user has no concept of manners

Click here for more information.



posted on Jan, 7 2012 @ 09:03 PM
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reply to post by buddhasystem
 


You haven't checked the news in a long time. Oh well.


You are either purposely deceptive or you quit reading the news after you heard what you wanted.

The real story, even reported by the New Youk Times, is that GM and the Obama adminstration lied to the public, to potential shareholders and to the SEC about their phony, staged "repayment."


What neither G.M. nor the Treasury disclosed was that the company simply used other funds held by the Treasury to pay off its original loan.
Neil M. Barofsky, the inspector general overseeing the troubled asset program, revealed this detail when he spoke before the Senate Finance Committee on April 20 ... but he went on to note that G.M. was using other taxpayer money to make the loan repayment, according to the transcript of his testimony.
Armed with this information, Mr. Grassley fired off a letter to Mr. Geithner on April 22, asking for details of the transaction. “I am concerned ... that this announcement is not what it seems,” he wrote. “In fact, it appears to be nothing more than an elaborate TARP money shuffle.”

Mr. Grassley heard back from the Treasury last Tuesday. Herbert M. Allison Jr., assistant secretary for financial stability, confirmed that the money G.M. used to repay its bailout loan had come from a taxpayer-financed escrow account held for the automaker at the Treasury.

www.nytimes.com...

GM and Obama are hand-in-hand in their flaunting of taxpayers' money and their lies to the public about our "stake" in a failed and soon-to-fail Union pay-off.


It turned out GM used bailout funds from an escrow account to pay off $4.7 billion in government loans, a move that several congressional Republicans called deceptive.
“One year ago, the U.S. Treasury Department aided General Motors in its fraudulent claim that it fully repaid its government loans,” said Sam Kazman, CEI general counsel. “Now the Treasury Department is re-enacting this smoke-and-mirrors routine on behalf of Chrysler. Whatever the bailouts may be credited with creating, honesty isn’t one of them.”
The Obama administration released a report Wednesday showing that taxpayers probably will lose $14 billion of the $80 billion that the government loaned to General Motors, Chrysler, auto lenders and suppliers.
The White House said taxpayers still could lose $1.9 billion on Chrysler; GM has repaid $23.1 billion of the $49.5 billion it received. Ford did not seek government help.

Watchdog questions GM bailout repayment, Accuses Treasury of ‘cozy PR relationship’

Of course, this doesn't count the nearly worthless "preferred stock" the Treasury holds, or the lost $16,000,000,000 in common stock holdings since the IPO!


This article by Gretchen Morgenson in the New York Times is significant for two reasons. First, the Times has decided to give this significant coverage, which means the story of GM’s misleading claim of paying back the taxpayer-funded bailout will continue to have some legs. More importantly, it also points the finger at Treasury and the Obama administration for its complicity in allowing CEO Ed Whitacre to make those claims without challenge:
Repaying Taxpayers With Their Own Cash

NYT: GM, Treasury lied about bailout repayment

Maybe you should try to keep up with "the news." But honesty wouldn't serve your underlying agenda, would it?

deny ignorance

jw
edit on 7-1-2012 by jdub297 because: (no reason given)



posted on Jan, 8 2012 @ 12:04 AM
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reply to post by TheImmaculateD1
 


I apologize for the action!





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