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Media Fail: Chevy Volt Makes NO Money, Costs Taxpayers Hundreds of Thousands of Dollars Per CarBy Seton Motley | July 17, 2012 | 09:54The Jurassic Press is missing much in their reporting on the $50 billion bailout of General Motors (GM). The Press is open channeling for President Barack Obama - allowing him to frame the bailout exactly as he wishes in the 2012 Presidential election. The President is running in large part on the bailout’s $30+ billion loss, uber-failed “success.†And the Press is acting as his stenographers. An epitome of this bailout nightmare mess is the electric absurdity that is the Chevrolet Volt. The Press is at every turn covering up - rather than covering - the serial failures of President Obama’s signature vehicle. The Press has failed to mention at least five Volt fires, myopically focusing on the one the Obama Administration hand-selected for attention. The Press has failed to mention that the Volt fire problem remains unsolved. Is it the battery? Is it the charging station? Is it the charging cable? All of the above? GM and the Administration don’t know. And the Press ain’t breaking their necks trying to find out.
Yep, the car that obama is championing is a car that no one wants.
But...but...but it'll win the race from the showroom to the junkyard everytime.
By Jerry Hirsch September 10, 2012, 12:33 p.m.Is General Motors losing $49,000 on every Chevrolet Volt electric car it sells?If so, it could be bad news for taxpayers who helped bail out GM and now own a third of an automaker that has seen its shares plunge 30% since it went public in 2010.
The new-tech batteries in these next-generation vehicles are largely the problem thanks to a) their questionable range, b) unknown life spans, and c) heinous cost of renewal/replacement. The sad truth is that current (no pun intended) and future buyers of electric cars – which can cost two or three times more than their petrol equivalents – have no way of knowing precisely how many miles their vehicles will travel in unpredictable, real world conditions before they run out of juice and need recharging. They do know that their on-board batteries will last years rather than months, but how many years is horribly uncertain. Worse still, they must accept that they'll one day have to spend thousands of pounds purchasing replacement batteries. The authors of Glass's Guide, the motor trade "bible" are as worried as me about the high initial cost of electric cars, coupled with the colossal additional cost of removing out-of-warranty, dead or dying batteries, then replacing them with new ones.
