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    Forums ›› Main ›› Stocks ›› Chevy Volt a lemon for GM. Current administration makes sour lemonade.  


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Sandybestdog
 

Registered: Jun 2007
Posts: 886

 

04-13-12 01:53 AM


Quote from bone:
I know that I am more trustworthy than a car salesman, that's for sure.

Ouch! Never heard that one before. Is that your best line? Or maybe it's just a way to deflect the heat off of your ingnorant and untrue comments.

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GTS
 

Registered: Jun 2006
Posts: 2188

 

09-10-12 02:47 PM

"GM's Volt - The ugly math of low sales, high costs"

http://www.reuters.com/article/2012...E88904J20120910


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.

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Pekelo
 

Registered: Aug 2005
Posts: 8930

 

09-10-12 08:23 PM

That article is kind of bullshit. Here is a long thread about it:

http://www.reddit.com/r/business/co..._high_costs_gm/

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Pekelo
 

Registered: Aug 2005
Posts: 8930

 

09-10-12 11:22 PM

Here is the complete rebutal of the Reuters article:

http://www.forbes.com/sites/boblutz...gms-volt-costs/

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Sandybestdog
 

Registered: Jun 2007
Posts: 886

 

09-10-12 11:30 PM


Quote from GTS:
"GM's Volt - The ugly math of low sales, high costs"

http://www.reuters.com/article/2012...E88904J20120910
[/B]

I wouldn't even call that article news. It starts out by saying how affordable the Volt is and then the next line is saying how overpriced it is. Which one is it?

The car comes with a standard household outlet charger. The 240 volt is not $2000 like the article says. It's $599.

There is not a lack of interest in the vehicle. It's year over year sales continue to increase.

I'm sorry that some dealership in NJ doesn't know how to sell them. I have sold 20, just me, in the past 9 weeks.

The "weak sales" are not forcing the factory to close for 4 weeks. The factory, of which the Volt is a very small part of, is closing to retool for the upcoming Impala launch. How many articles have you read about the Malibu factory closing down? None, right. Well it is closing cause it's the same factory where the Volt is made. But you don't hear about the Malibu not selling.

And lastly:
It currently costs GM "at least" $75,000 to build the Volt, including development costs, Munro said. That's nearly twice the base price of the Volt before a $7,500 federal tax credit provided as part of President Barack Obama's green energy policy.
What a complete outright lie. The $7500 tax credit was passed under the Bush administration. Obama had nothing to do with it. The Volt does not cost $75,000 to build. Nobody says that a pharmaceutical company's pill costs $500k to manufacture. But using their logic, it does. The first pill costs $1M and the second one costs 50 cents. Using their math, it costs them $500k to make a pill

None the less, if I'm not mistaken, the Volt has sold more cars than all other electric cars combined.

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kipster
 

Registered: Dec 2008
Posts: 151

 

09-25-12 06:44 PM

I see used volts selling for high 20's to low 30's already.

I'm curious if anyone knows when the batteries need to be replaced and the cost for that replacement?

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