Page 1 of 9 123 ... LastLast
Results 1 to 10 of 86

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

  1. #1
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    GM Losing Up To $49,000 Per Volt

    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.

    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 losing up to $49,000 per Volt - chicagotribune.com

    worse, govt motors announced in august that for the second time this year it would be suspending production of the obamamobile

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

    auto rescue?

    at what price?

    Treasury: U.S. to lose $25 billion on auto bailout | The Detroit News | detroitnews.com

  2. #2
    Guru
    ChuckBerry's Avatar
    Join Date
    Sep 2011
    Location
    Lafayette, Louisiana
    Last Seen
    10-28-13 @ 01:24 PM
    Gender
    Lean
    Conservative
    Posts
    3,491

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

    Not sure what the difference between this thread and this one: http://www.debatepolitics.com/breaki...low-sales.html

    Coulda just bumped that one.
    The morality of abortion is not a religious belief, any more than the morality of slavery, apartheid, rape, larceny, murder or arson is a religious belief. These are norms of the natural law of mankind and can be legislated even in a completely religionless society.

  3. #3
    Guru
    The Man's Avatar
    Join Date
    Jun 2012
    Location
    York, Pennsylvania
    Last Seen
    Today @ 07:14 PM
    Lean
    Undisclosed
    Posts
    4,721

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

    I'm surprised Obama doesn't pass a law requiring every American to buy a Volt, or pay a tax penalty.

  4. #4
    Banned
    Join Date
    May 2011
    Location
    Golden City of the Risen Dead
    Last Seen
    10-05-12 @ 12:25 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    4,310

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

    Lol, did you know George H.W. Bush bought one for his son's birfday?

  5. #5
    Sage

    Mason66's Avatar
    Join Date
    Aug 2009
    Last Seen
    Today @ 07:46 PM
    Gender
    Lean
    Undisclosed
    Posts
    19,436

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

    Quote Originally Posted by RadicalModerate View Post
    Lol, did you know George H.W. Bush bought one for his son's birfday?
    There is no accounting for taste.

  6. #6
    Sage

    Join Date
    Mar 2012
    Location
    Republic of Florida
    Last Seen
    Today @ 05:41 PM
    Gender
    Lean
    Libertarian
    Posts
    14,010

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

    Quote Originally Posted by RadicalModerate View Post
    Lol, did you know George H.W. Bush bought one for his son's birfday?
    Why not? Hes already paid for several through the income tax. We should all be getting them for free since the taxpayers still owns GM.

  7. #7
    Guru
    Samhain's Avatar
    Join Date
    Sep 2011
    Location
    Northern Ohio
    Last Seen
    Today @ 05:15 PM
    Lean
    Libertarian
    Posts
    3,875

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

    Quote Originally Posted by The Prof View Post
    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.
    I want to know what deal this one is.

  8. #8
    Sage
    minnie616's Avatar
    Join Date
    Feb 2012
    Last Seen
    Today @ 10:49 AM
    Gender
    Lean
    Independent
    Posts
    14,941

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

    Guess it is all in how creative you get with your math and that article got quite creative:

    "Please Don't Buy Our Cars, We Are Losing Almost 50K A Pop"

    Alright, so how did they come to the conclusion that GM spends “up to $88,000″ per car to build the Volt from this quote?

    First, they took Doug Park’s estimate that GM has spend “a little over” 1 billion dollars in developing the car, and then rounded that up to $1.2 billion (with the help of experts).

    Then Reuters divided that number by the 21,500 cars GM has sold in the US since it started production in December of 2010 (let’s forget about those pesky Canadian and European Ampera/Volt sales), and assume they won’t sell anymore.


    Responsible journalism at its best.


    In a related news item, I heard that Ford has delivered the first dozen C-Max hybrids, and it cost the company about $500 million to develop the program, and therefore Ford is losing $41,666,667 on every copy they sell.

    Tucked inside this 1,000+ word essay on why their outrageous headline makes sense, is this admission by their experts:


    “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.”


    So, given that the $1.2 billion $1.0 billion is all in a one-time development cost to begin an entirely new breed of automobile, and will be amortized over whatever the end result of production will be (perhaps in the hundreds of thousands), this figure has nothing to do with the ongoing cost of producing the Volt at all, and their statement that selling new Volts “probably isn’t a good thing for the automaker’s bottom line,” or that GM is “losing as much as $49,000 on each Volt it builds” is total nonsense.

    In actual fact according to their experts, GM may be making $7,000 to $19,000 for every new sale the company logs. That is the story they should have wrote.

    Now, if you want to talk about if GM makes money on the Volt after they pay for all the advertising and marketing of the vehicle they do, that is another story…but Reuters is out to lunch on this one.
    Reuters: GM Is Still Losing As Much As $49,000 On Each Volt It Builds
    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.

  9. #9
    Sage

    Join Date
    Mar 2012
    Location
    Republic of Florida
    Last Seen
    Today @ 05:41 PM
    Gender
    Lean
    Libertarian
    Posts
    14,010

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

    Quote Originally Posted by Samhain View Post
    I want to know what deal this one is.
    Its a two year lease. $200 a month.

  10. #10
    Sage

    Join Date
    Mar 2012
    Location
    okla-freakin-homa
    Last Seen
    Today @ 05:09 AM
    Gender
    Lean
    Progressive
    Posts
    12,619

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

    minnie-

    let us not be overly concerned with facts when ranting against all things Obama...

Page 1 of 9 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •