The Conservative Cave
Current Events => General Discussion => Topic started by: BlueStateSaint on July 18, 2012, 11:09:12 AM
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I had to crop the title. But, is anyone surprised? :whatever:
Media Fail: Chevy Volt Makes NO Money, Costs Taxpayers Hundreds of Thousands of Dollars Per Car
By Seton Motley | July 17, 2012 | 09:54
The 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.
The market doesn't want the thing! Then again, in the statist minds of the Dems, they don't follow the market, preferring to have centralized control . . . and they can look to the old Soviet Union and present-day North Korea and Cuba to see how that's working out.
More here: http://newsbusters.org/blogs/seton-motley/2012/07/17/media-fail-chevy-volt-makes-gm-no-money-costs-taxpayers-hundreds-thous#ixzz20zWQ5daA
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Yep, the car that obama is championing is a car that no one wants.
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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.
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But...but...but it'll win the race from the showroom to the junkyard everytime.
:lmao: When people realized all the little flaws with it, they didn't want it.
Eric Bolling did a special on Fox about it a while back. What he said about it was pretty damaging.
Eric Bolling tests the Chevy Volt - Fox News (http://video.foxnews.com/v/1430236461001/eric-bolling-test-drives-chevy-volt/)
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That explains the up tick in Volt commericals on the boob tube.
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Miami Dade County bought 300 and promptly forgot they were there. The cars were discovered over a year later.
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GM disputes claim it loses $49,000 per Volt sale
http://www.latimes.com/business/money/la-fi-mo-auto-chevrolet-volt-losses-20120910,0,3613718.story
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.
We will never recover the wasted money Barry threw at GM. What a turd.
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Studebaker built electric cars and they went out of the car business.
Of course it took about 50 years after they stopped making them but still, they went of the car business.
I'd still like to own a Studebaker Avanti....and I miss my Golden Hawk... :lmao:
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Trading in an electric car is like trying to trade in a computer.
The technology is outdated and there is not a huge market for pre-owned electric cars.
Link (http://www.telegraph.co.uk/motoring/columnists/mike-rutherford/7811423/More-bad-news-for-electric-car-buyers-theyll-plummet-in-value.html)
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.
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I will never buy another GM vehicle again.
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That's government motors for you.
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And yet I still wonder why the Vega and Edsel are still considered the two biggest bombs that Detroit ever produced.
The Volt has outshone (undershone?) them in virtually every possible way for biggest flop.
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Edsels are pretty collectible these days... I wouldn't turn my nose up at one. The Vega not so much, but the first model (before the facelift) has its charms.