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Thread: GM Losing Up To $49,000 Per Volt

  1. #21
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    Re: GM Losing Up To $49,000 Per Volt

    Quote Originally Posted by jonny5 View Post
    "The actual cost to build the Volt is estimated to be an additional $20,000 to $32,000 per vehicle (nice range estimate), according to Munro and the other industry consultants.” - frome the article. The 49k number is with R&D, the 20-30k number is without.

    Try again.
    Yes, which illustrates my point exactly in an apples to apples manner. Do I need to break down that a mach 3 costs about 10 bucks to make in order to show how I broke 750 million in R&D over 10,000 razors?

    By the way, I have no idea how much it costs to make a Mach 3, but I figured who cares, everybody else is using whatever formula they like. As long as I got the math right it must be true right?

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    Re: GM Losing Up To $49,000 Per Volt

    Quote Originally Posted by Born Free View Post
    First Obama buys GM with tax payer money, with a lose of over 20+ billion and then Obama forces GM to build the Volt, another loser, so what do you expect. He never ran a lemonade stand.
    The volt was a project a few years in the making, with robust support from within GM's management structure, all well before Obama took office.

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    Re: GM Losing Up To $49,000 Per Volt

    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.

    And in a sign that there may be a wider market problem, Nissan, Honda and Mitsubishi have been struggling to sell their electric and hybrid vehicles, though Toyota's Prius range has been in increasing demand.

    GM's quandary is how to increase sales volume so that it can spread its estimated $1.2-billion investment in the Volt over more vehicles while reducing manufacturing and component costs -- which will be difficult to bring down until sales increase.

    But the Volt's steep $39,995 base price and its complex technology - the car uses expensive lithium-polymer batteries, sophisticated electronics and an electric motor combined with a gasoline engine - have kept many prospective buyers away from Chevy showrooms.

    Some are put off by the technical challenges of ownership, mainly related to charging the battery. Plug-in hybrids such as the Volt still take hours to fully charge the batteries - a process that can been speeded up a bit with the installation of a $2,000 commercial-grade charger in the garage.

    The lack of interest in the car has prevented GM from coming close to its early, optimistic sales projections. Discounted leases as low as $199 a month helped propel Volt sales in August to 2,831, pushing year-to-date sales to 13,500, well below the 40,000 cars that GM originally had hoped to sell in 2012.
    chicago tribune link above, story by reuters

    what the wire service is basically saying is the volt has an unusually if not exorbitantly expensive production cost

    AND

    it's simply, bottom line, NOT a good product

    ie, why was production suspended this year?

    TWICE?

    reuters answers---unequivocally---in paragraph 13: "weak sales"

    govt motors hopes to break even in year 3, reports reuters, with it's next gen model

    it's all about, according to reuters, the volt's "unique parts," identified as "battery packs, electric motor and power electronics"

    ie, "richer content, complex technology and low production volume"

    that latter is elaborated on: "suppliers also impose cost penalties... because production remains well below projections"

    "according to industry analysts contacted by reuters"

    the volt has moved 21,500 cars, net

    2/3 of sales in july and august---not many sales, by the way---were leases costing $279 per month, some as low as $199

    toyota's prius, in contrast, sold 164,000 this year

    anecdotally, the piece visits a dealer in toms river, NJ, who sells 90-100 chevy's a month---he has moved one volt in all 2012

    raymond chevy in chicago deals 1000 vehicles per month, only 3 to 7 of em being obamamobiles

    munro: "i don't see how gm will ever get its money back on that vehicle"

    in other words, the taxpayers won't get THEIR money back

    tax cheat in chief tim geithner's treasury dept: public to lose 25B on gm

    the ipo was $34, it needs to get to 54 to make us whole

    it closed today at $23.15

    of course, "the production cost will come down as more are sold"

    which, if you're in toms river, means one obamamobile per year

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    GM Losing Up To $49,000 Per Volt

    Volts won't kill you, but amps will.
    People in Dubai don't like the Flintstones but people in Abu Dhabi do

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    Re: GM Losing Up To $49,000 Per Volt

    Quote Originally Posted by AliHajiSheik View Post
    Volts won't kill you, but amps will.
    If a Volt hits you going fast enough it sure will.


    Har har.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: GM Losing Up To $49,000 Per Volt

    Quote Originally Posted by The Man View Post
    I'm surprised Obama doesn't pass a law requiring every American to buy a Volt, or pay a tax penalty.
    Why do you think he wants gas prices to go through the roof?

    Remember when he said energy costs would, "necessarily have to skyrocket"? Or when he said he wanted to see gas at $7 per gallon?

    oh, he wants a penalty for not having an Obama version of the Volkswagon.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    GM Losing Up To $49,000 Per Volt

    You dont get much for $40K. It looks like an economy car and costs what a nice sedan does. Add its very limited range and that is all there really is to it.

    It makes no economic sense, its a niche product.
    “Tyranny is defined as that which is legal for the government but illegal for the citizenry.”
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    Re: GM Losing Up To $49,000 Per Volt

    Quote Originally Posted by Aberration View Post
    You dont get much for $40K. It looks like an economy car and costs what a nice sedan does. Add its very limited range and that is all there really is to it.

    It makes no economic sense, its a niche product.
    It's priced too high for it's niche market, If GM could sell a volt (with profit) at say $22K,
    and we still get the credit, they could not make them fast enough.

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    Re: GM Losing Up To $49,000 Per Volt

    Quote Originally Posted by apdst View Post
    Why do you think he wants gas prices to go through the roof?

    Remember when he said energy costs would, "necessarily have to skyrocket"? Or when he said he wanted to see gas at $7 per gallon?

    ...
    President Obamma did NOT say he wanted to see gas at $7 a gallon.

    The rumor goes back to Chu before President Obama was elected and before Chu even had any ties with President Obama.


    In an interview with The Wall Street Journal in late 2008 -- before Obama was elected and at a point when Chu had no ties to Obama -- Chu told the newspaper that he favored raising gasoline taxes gradually over 15 years to coax consumers into buying fuel-efficient cars and discouraging sprawl.

    "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe," Chu said in an interview with the Journal in September 2008. The quote did not appear in print until December, when the Journal ran a story after news emerged that Chu was being tapped as energy secretary.
    PolitiFact | Gingrich said energy secretary advocated raising gas prices
    When it comes to matters of reproduce health, Politicians and the religious dogma of another faith should never interfere with religious liberty of an individual or her faith.

  10. #30
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    Re: GM Losing Up To $49,000 Per Volt

    Quote Originally Posted by longview View Post
    It's priced too high for it's niche market, If GM could sell a volt (with profit) at say $22K,
    and we still get the credit, they could not make them fast enough.
    Problem is too much R&D went in to get what we got. Its not an economical solution.
    “Tyranny is defined as that which is legal for the government but illegal for the citizenry.”
    ― Thomas Jefferson

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