Government Motors Volt Costs Taxpayers $250,000 per Vehicle

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posted on Jan, 23 2012 @ 09:11 PM
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Originally posted by macman
reply to post by buddhasystem
 


It is very simple.
If you refuse to use the math, in terms of how GM operates, whether it be Fiscal Year or Calendar Year for finances, it still applies.
The Tax Subsidy is Calendar Year based.
The Financial Year for GM could be either, but for this argument, lets have it fall in line with Calendar Year.

Take the amount of Volts sold 2011, 7471.
Take the Tax Subsidy that GM got for year 2011, what ever it is. Now, I know that GM gets several Subsidies. So, apply the one that is directly connected to the EV and place it here.
Now take the amount of Subsidy and divide by the amount sold 2011.
There is the amount. This is very simple.


Even the dealers understand basic math. Regardless of projections and promises, the Volt can't even make it onto some showrooms anymore.

Apparently, dealers agree with you!


Some Chevrolet dealers are turning down Volts that General Motors wants to ship to them, a potential stumbling block as GM looks to accelerate sales of the plug-in hybrid.

For example, consider the New York City market. Last month, GM allocated 104 Volts to 14 dealerships in the area, according to a person familiar with the matter. Dealers took just 31 of them, the lowest take rate for any Chevy model in that market last month. That group of dealers ordered more than 90 percent of the other vehicles they were eligible to take, the source said.

In Clovis, Calif., meanwhile, Brett Hedrick, dealer principal at Hedrick's Chevrolet, sold 10 Volts last year. But in December and January he turned down all six Volts allocated to him under GM's "turn-and-earn" system, which distributes vehicles based on past sales volumes and inventory levels.

GM's "thinking we need six more Volts is just crazy," Hedrick says. "We've never sold more than two in a month." Hedrick says he usually takes just about every vehicle that GM allocates to him.

GM spokesman Rob Peterson confirmed that "dealer ordering is down" for the Volt.

Some Chevy dealers spurn Volt allocation

How pathetic!
Here, we're fed lie after lie about a "green revolution" and the wise use of taxpayer "investments," when it is nothing more than crony capitalism and pandering to specific constituencies.

Now, even one of the largest recipients of Obama's largesse admits it can't deliver what they promised or what Volt advocates here take as gospel.


At the Detroit auto show this month, GM executives said they wouldn't chase a previous Volt production target set for 2012 -- 60,000 units, three-quarters of which would be for U.S. sales -- and vowed simply to build as many as customers want.
(GM sold 7,671 Volts in the United States in 2011, short of its 10,000-unit target. It launched the car in seven key markets starting in late 2010, but didn't begin a national rollout until this past autumn. )

Many dealers say they no longer have customers waiting in the wings.


Bottom line, if anyonein this administration even cares about such things, is that the Volt served a political purpose and nothing more.

The truth will out.

Deny ignorance.

jw




posted on Feb, 13 2012 @ 09:10 PM
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If that wasn't bad enough, Obama has decided to subsidize thr $170,000 earners another 33%, to $10K, to nuy his crony-capitalist Volt, when sals=es are lowest and no one else wants it.

Obama Raises Volt Subsidies for the 1% by 33%
jw



posted on Mar, 26 2012 @ 02:53 PM
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posted on Aug, 30 2012 @ 02:01 PM
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Volt monthly sales to hit record in August


GM spokesman Jim Cain said the company expects the Volt's August sales to top 2,500, the best month by far since its December 2010 launch. That would mark a 35% increase over July sales and more than a 700% jump from year ago results.



posted on Oct, 29 2013 @ 08:33 PM
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Well, nearly two years later and the Volt is still a money loser for General Motors. In a article from earlier in the year it was admitted that the Volt would not likely be profitable until 2016 at the earliest:



The latest comes from GM CEO Dan Akerson..."We're losing money on every one," he admitted.
source


It would not be so pathetic if they had used only their own money.





 
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