Chevrolet Volt production halts to match low demand

Forum: Politics
Author: [Politics] Topic: Chevrolet Volt production halts to match low demand
14daroad PM 14daroad
Joined: Aug 2005
Posts: 9261
Virginia
 
14daroad
Participation Meter
Posted: 3/3/2012 10:31:24 AM

Another "green energy" idea falls by the way side.

DETROIT - General Motors Co. has told 1,300 employees at its Detroit Hamtramck plant that they will be temporarily laid off for five weeks as the company halts production of the Chevrolet Volt and its European counterpart, the Opel Ampera.
...

Chevrolet sold 1,023 Volts in the U.S. in February and has sold 1,626 so far this year.

In 2011, Chevrolet sold 7,671 Volts, but fell short of its initial goal of 10,000.

GM had planned to expand production of its Volt plug-in hybrid to 60,000 this year, with 45,000 earmarked for the U.S.

===============

And this was just a few days after Obama said:

“Five years from now, when I’m not president any more, I’ll buy one and drive it myself,

==============

The guy is like King Midas, only in reverse!

Aren't you glad the taxpayers are going to lose about $25 billion on GM?

SarasotaSlim PM SarasotaSlim
Joined: Jan 2007
Posts: 24079
United States
 
SarasotaSlim
Participation Meter
Posted: 3/3/2012 12:10:34 PM
KOD
wallstreetcappers PM wallstreetcappers
Joined: Feb 2003
Posts: 51370
United States
 
wallstreetcappers
Participation Meter
Posted: 3/3/2012 1:07:24 PM
So Obama is to blame for Chevy's crappy product?

AcerRubrum PM AcerRubrum
Joined: Feb 2010
Posts: 2098
 
AcerRubrum
Participation Meter
Posted: 3/3/2012 2:12:53 PM
Five years from now, when I’m not president any more, I’ll buy one and drive it myself,


Hopefully he can drive away in one in Jan of next year!
cashin PM cashin
Joined: Jan 2007
Posts: 12709
 
cashin
Participation Meter
Posted: 3/3/2012 2:18:12 PM
QUOTE Originally Posted by wallstreetcappers:

So Obama is to blame for Chevy's crappy product?

Exactly & lots of factors involved in that that are affecting everyone. Doubt if taxpayers lose a cent on the bailout -

wallstreetcappers PM wallstreetcappers
Joined: Feb 2003
Posts: 51370
United States
 
wallstreetcappers
Participation Meter
Posted: 3/3/2012 2:31:21 PM
I would prefer the Leaf to the Volt..hopefully Nissan makes a mid size SUV on the same concept as the Leaf.
don juan PM don juan
Joined: Jul 2001
Posts: 5433
Florida
 
don juan
Participation Meter
Posted: 3/3/2012 3:43:38 PM

It never ceases to amaze me the number of so called "Amercians" who relish when an American manufacturer has difficulty with a newly introduced product. 

 

They are repulsicans.

SarasotaSlim PM SarasotaSlim
Joined: Jan 2007
Posts: 24079
United States
 
SarasotaSlim
Participation Meter
Posted: 3/3/2012 4:58:19 PM

The most "American" thing about the Chevy Volt is the taxpayer subsidy of $7500 per car, for a cost of $57.8 million to the 50.5%er's.... without including administrative costs.

But, this doesn't seem to be enough to get Americans to buy the Volt, so President Obama's new budget proposes a $10,000-per-car subsidy ..of taxpayer money at the tune of $100 million ..

Which comes first: supply or demand ?

In this case it looks like government must step in and spend the taxpayers money ...in order to prop up total demand...

chilitokid PM chilitokid
Joined: Feb 2007
Posts: 10250
New Hampshire
 
chilitokid
Participation Meter
Posted: 3/3/2012 5:39:16 PM
I was looking at a Chevy Camaro about a month ago at a dealership in southern NH. The Camaro was a sharp looking charcoal color all decked out at just under 50k. Next to it was a Volt so I looked at it just because I never saw one just heard about them. The dealership asking price was 56k.....that's why they're not selling.
chilitokid PM chilitokid
Joined: Feb 2007
Posts: 10250
New Hampshire
 
chilitokid
Participation Meter
Posted: 3/3/2012 5:40:48 PM
QUOTE Originally Posted by don juan:

It never ceases to amaze me the number of so called "Amercians" who relish when an American manufacturer has difficulty with a newly introduced product. 

 

They are repulsicans.

you really are a nitwit. Maybe just maybe they're educated buyers and when all the numbers are added up the Volt just isn't that good a deal.
don juan PM don juan
Joined: Jul 2001
Posts: 5433
Florida
 
don juan
Participation Meter
Posted: 3/3/2012 6:50:33 PM

[Quote: Originally Posted by chilitokid] you really are a nitwit. Maybe just maybe they're educated buyers and when all the numbers are added up the Volt just isn't that good a deal.
[/Quote

 

Look, nitwitkid, your favorite Toyota had 5 million cars recalled for sudden excelleration. Several people were killed. I didn't see any of you repulsicans posting That ! 

Coppsguy PM Coppsguy
Joined: Aug 2005
Posts: 9280
Wisconsin
 
Coppsguy
Participation Meter
Posted: 3/3/2012 7:00:06 PM
QUOTE Originally Posted by AcerRubrum:

Five years from now, when I’m not president any more, I’ll buy one and drive it myself,


Hopefully he can drive away in one in Jan of next year!





SarasotaSlim PM SarasotaSlim
Joined: Jan 2007
Posts: 24079
United States
 
SarasotaSlim
Participation Meter
Posted: 3/3/2012 7:30:23 PM
QUOTE Originally Posted by don juan:

Look, nitwitkid, your favorite Toyota had 5 million cars recalled for sudden excelleration. Several people were killed. I didn't see any of you repulsicans posting That ! 

Toyota has not been found guilty of a sudden excelleration defect.. the  first trial in the Toyota proceeding will take place in the first quarter of 2013.

 A new NASA report  found no electronic defects in its vehicles ...

14daroad PM 14daroad
Joined: Aug 2005
Posts: 9261
Virginia
 
14daroad
Participation Meter
Posted: 3/4/2012 10:05:31 AM
Doubt if taxpayers lose a cent on the bailout -

Really?

Because we're already down $23 billion.

I'll bet you or anyone reading the US government loses money on the GM bailout.

Name the bet.
14daroad PM 14daroad
Joined: Aug 2005
Posts: 9261
Virginia
 
14daroad
Participation Meter
Posted: 3/4/2012 10:06:30 AM
QUOTE Originally Posted by don juan:

It never ceases to amaze me the number of so called "Amercians" who relish when an American manufacturer has difficulty with a newly introduced product. 

 

They are repulsicans.


Um, I'm all for GM introducing new products.

I'm not for GM being bailed out and GM having to have $5,000 federal tax credits in order to introduce the new products.
SarasotaSlim PM SarasotaSlim
Joined: Jan 2007
Posts: 24079
United States
 
SarasotaSlim
Participation Meter
Posted: 3/4/2012 10:45:50 AM

Here's some money we will lose Don Juan ...  "lost tax revenue"

GM's $45 billion tax exemption.. GM will be able to shield its future profits using past losses using so-called “tax-loss carry-forwards..making them free of taxes for at least 10 years ...

Usually, companies that go through ownership changes face major restrictions put on their tax benefits..Not GM ...

The losses that were incurred by "Old GM," prior to bankruptcy were carried over to be used by the "New GM" ...

GM can use losses in prior years ... costs related to pensions,  post-retirement benefits, and property, plants and equipment... to shield profits from U.S. taxes for up to 20 years..

chilitokid PM chilitokid
Joined: Feb 2007
Posts: 10250
New Hampshire
 
chilitokid
Participation Meter
Posted: 3/4/2012 11:35:23 AM
QUOTE Originally Posted by don juan:

Originally Posted by chilitokid] you really are a nitwit. Maybe just maybe they're educated buyers and when all the numbers are added up the Volt just isn't that good a deal.
[/Quote

 

Look, nitwitkid, your favorite Toyota had 5 million cars recalled for sudden excelleration. Several people were killed. I didn't see any of you repulsicans posting That ! 

I own Fords and a Jeep....next!
be easy PM be easy
Joined: Oct 2006
Posts: 15420
Pennsylvania
 
be easy
Participation Meter
Posted: 3/4/2012 6:17:31 PM
QUOTE Originally Posted by don juan:

Originally Posted by chilitokid] you really are a nitwit. Maybe just maybe they're educated buyers and when all the numbers are added up the Volt just isn't that good a deal.
[/Quote

 

Look, nitwitkid, your favorite Toyota had 5 million cars recalled for sudden excelleration. Several people were killed. I didn't see any of you repulsicans posting That ! 



only a democrat would cheer on the government stepping in and keeping business from excelling

why do you democrats hate the Economy so much?
depeche2 PM depeche2
Joined: Feb 2002
Posts: 67006
Illinois
 
depeche2
Participation Meter
Posted: 4/4/2012 11:05:58 PM
Bad news for you anti-Americans rooting against the Chevy Volt....

Chevy Volt Sales Way Up
wallstreetcappers PM wallstreetcappers
Joined: Feb 2003
Posts: 51370
United States
 
wallstreetcappers
Participation Meter
Posted: 4/4/2012 11:20:57 PM
The Volt is a joke, I have no idea why someone who wanted distance wouldnt buy a Prius or a Leaf if you wanted around town use.


SarasotaSlim PM SarasotaSlim
Joined: Jan 2007
Posts: 24079
United States
 
SarasotaSlim
Participation Meter
Posted: 4/4/2012 11:26:10 PM

A couple weeks ago Chrysler said they were recalling nearly 10,000 Dodge Charger special police cars ...

According to the National Highway Traffic Safety Administration, the cop specials incur an overheated lighting harness connector that could cause the cruiser's low beams to fail.

 In addition, some Chargers may also suffer from an overheated power distribution center that could result in a loss of the vehicle's anti-lock braking and stability control systems.

I know those cops long for the ol' Ford Crown Vic..

SarasotaSlim PM SarasotaSlim
Joined: Jan 2007
Posts: 24079
United States
 
SarasotaSlim
Participation Meter
Posted: 4/5/2012 1:22:40 AM

They don't make them like they use to .........

93-year-old Rachel Veitch is retiring her 1964 Mercury Comet Caliente after more than 576,000 miles on the road. "I am legally blind, so I can no longer drive my lovely Chariot,"

After running a red light in March, she decided to voluntarily give up the vehicle she's been driving since Lyndon Johnson occupied the White House. 

 Yet for all the miles she has put on her vehicle, it doesn't come close to the world record. The Truth About Cars blog wrote that Irv Gordon's 1966 Volvo P1800 is scheduled to reach 3 million miles this year.

 Gordon has held the record in the Guinness Book of World Records for most miles on a noncommercial vehicle since 1998.

 Even without the world record, Vietch is fond of noting that the car has outlasted three marriages. Mechanically, it's worn through three sets of shocks, 18 batteries and eight mufflers. Veitch bought the car in February 1964 for just $3,289.

 She credits the longevity to a "near-obsessive" approach to the car's maintenance. "I've never been a destructive person and I've just taken care of everything, except my husbands,"

glenndef62 PM glenndef62
Joined: Jun 2008
Posts: 7507
Massachusetts
 
glenndef62
Participation Meter
Posted: 4/5/2012 7:06:24 PM
QUOTE Originally Posted by SarasotaSlim:

The most "American" thing about the Chevy Volt is the taxpayer subsidy of $7500 per car, for a cost of $57.8 million to the 50.5%er's.... without including administrative costs.

But, this doesn't seem to be enough to get Americans to buy the Volt, so President Obama's new budget proposes a $10,000-per-car subsidy ..of taxpayer money at the tune of $100 million ..

Which comes first: supply or demand ?

In this case it looks like government must step in and spend the taxpayers money ...in order to prop up total demand...

Forum: Politics
You have entered the forum as a GUEST. 
You must login/register to post or reply.