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Author Topic: High VOLTage  (Read 2007 times)

Jamie B

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High VOLTage
« on: September 10, 2012, 09:17:39 PM »
http://ca.news.yahoo.com/insight-gms-volt-ugly-math-low-sales-high-041323264--finance.html

Quote
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. GM on Monday issued a statement disputing the estimates.

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.

Holy Moses!

Volt costs $89K to build, and they lose $49K per car? Yikes!

I am familiar with the Japanese philosophy of sacrificing short term profitability for long term market share, as this has worked well for them.
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birdman

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Re: High VOLTage
« Reply #1 on: September 10, 2012, 09:21:19 PM »
It's worse, IIRC all you need to get the tax credit is to purchase the car, with no requirement for KEEPING it.  GM also offers a no questions asked 30-day full refund return policy...so -technically- you can buy a volt, return it, and use the original purchase agreement to get your $7500 rebate (which s a TRUE rebate, not a deduction!).

Stupid GM/IRS/government.
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brimic

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Re: High VOLTage
« Reply #2 on: September 10, 2012, 09:27:21 PM »
Quote
It's worse, IIRC all you need to get the tax credit is to purchase the car, with no requirement for KEEPING it.  GM also offers a no questions asked 30-day full refund return policy...so -technically- you can buy a volt, return it, and use the original purchase agreement to get your $7500 rebate (which s a TRUE rebate, not a deduction!).

Wait wut??
Tell me more, $7500 would buy me a really nice rifle.
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birdman

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Re: High VOLTage
« Reply #3 on: September 10, 2012, 09:31:10 PM »
Quote from: brimic on September 10, 2012, 09:27:21 PM
Wait wut??
Tell me more, $7500 would buy me a really nice rifle.

Google, just something I heard, haven't checked it out, but I know if you sell it you still get the credit, it's the "first sale" that gets the credit.
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Bob F.

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Re: High VOLTage
« Reply #4 on: September 11, 2012, 09:22:23 PM »
And that ain't all, the screwing's just begun:

http://www.foxnews.com/us/2012/09/11/taxpayers-to-get-charged-as-pentagon-buys-up-chevy-volts/?test=latestnews

I'll never have another Gov motors vehicle. This really stinks!!
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zahc

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Re: High VOLTage
« Reply #5 on: September 11, 2012, 10:47:28 PM »
I just read in popular mechanics that Volts 'phone home' and that GM collects real-time data from the 'volt fleet' that allows them to track aggregate mileage and battery usage and so on. One more reason I don't want one, even though I will be forced to subsidize them.
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Jamie B

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Re: High VOLTage
« Reply #6 on: September 11, 2012, 10:59:06 PM »
Quote from: zahc on September 11, 2012, 10:47:28 PM
I just read in popular mechanics that Volts 'phone home' and that GM collects real-time data from the 'volt fleet' that allows them to track aggregate mileage and battery usage and so on. One more reason I don't want one, even though I will be forced to subsidize them.
Same as On-Star.
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MechAg94

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Re: High VOLTage
« Reply #7 on: September 12, 2012, 01:04:36 AM »
Quote from: Bob F. on September 11, 2012, 09:22:23 PM
I'll never have another Gov motors vehicle. This really stinks!!
Which is why I bought a Ford early this year and didn't even look at GM trucks. 
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Scout26

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Re: High VOLTage
« Reply #8 on: September 12, 2012, 12:10:05 PM »
GM loses money on every sale, but they make it up with volume.
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birdman

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Re: High VOLTage
« Reply #9 on: September 12, 2012, 01:23:03 PM »
Quote from: scout26 on September 12, 2012, 12:10:05 PM
GM loses money on every sale, but they make it up with volume.
Ah, so GMAC is now part of the "International Change Bank"
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brimic

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Re: High VOLTage
« Reply #10 on: September 12, 2012, 01:46:23 PM »
 :lol:
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Tallpine

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Re: High VOLTage
« Reply #11 on: September 12, 2012, 06:59:37 PM »
Quote from: MechAg94 on September 12, 2012, 01:04:36 AM
Which is why I bought a Ford early this year and didn't even look at GM trucks. 

It's sad because I have always owned Chevy/GMC and my sister and her husband are Chevy dealers  =(
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ArfinGreebly

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Re: High VOLTage
« Reply #12 on: September 12, 2012, 08:59:02 PM »

That doesn't mean they're bad people.

Besides, you can always buy a Chevy/GMC from the pre-2008 period.

Eventually, after the financial irregularities are sorted out and the company is standing on it's own feet again, you can buy something from the post-2014 period.

There are certain time periods of American cars of any brand that I just plain avoid.  There's no shortage of year models before and after those.
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Tallpine

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Re: High VOLTage
« Reply #13 on: September 12, 2012, 09:24:06 PM »
Quote from: ArfinGreebly on September 12, 2012, 08:59:02 PM
That doesn't mean they're bad people.

Besides, you can always buy a Chevy/GMC from the pre-2008 period.

Eventually, after the financial irregularities are sorted out and the company is standing on it's own feet again, you can buy something from the post-2014 period.

There are certain time periods of American cars of any brand that I just plain avoid.  There's no shortage of year models before and after those.


No, it's not their fault of course.

GM screwed them pretty bad.  They bought two small struggling dealerships in neighboring states to try to expand, and then GM shut those down along with the bailout - not even considering the new ownership  :facepalm:  :mad:

Fortunately their original small town dealership survived the decimation and is thriving well enough to cover the considerable losses.
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MechAg94

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Re: High VOLTage
« Reply #14 on: September 12, 2012, 11:31:29 PM »
Quote from: Tallpine on September 12, 2012, 06:59:37 PM
It's sad because I have always owned Chevy/GMC and my sister and her husband are Chevy dealers  =(
No dealerships, but my dad has driven chevy trucks for decades.  My first two vehicles were GM.
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Sergeant Bob

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Re: High VOLTage
« Reply #15 on: September 13, 2012, 10:04:58 AM »
Quote from: Bob F. on September 11, 2012, 09:22:23 PM
And that ain't all, the screwing's just begun:

http://www.foxnews.com/us/2012/09/11/taxpayers-to-get-charged-as-pentagon-buys-up-chevy-volts/?test=latestnews

I'll never have another Gov motors vehicle. This really stinks!!

Jeebus. Hey, we're paying for them anyway. We ought to be able to drive them. :mad:
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Tallpine

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Re: High VOLTage
« Reply #16 on: September 13, 2012, 10:42:29 AM »
Quote from: MechAg94 on September 12, 2012, 11:31:29 PM
No dealerships, but my dad has driven chevy trucks for decades.  My first two vehicles were GM.

The only non-GM vehicles that we have ever owned were the VW bug that Ladypine had when we got married, and a Ford pickup and a Subaru bought for our daughters.

All of those three had a lot of problems.
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longeyes

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Re: High VOLTage
« Reply #17 on: September 13, 2012, 11:17:07 AM »
Quote from: Jamie B on September 10, 2012, 09:17:39 PM
http://ca.news.yahoo.com/insight-gms-volt-ugly-math-low-sales-high-041323264--finance.html

Holy Moses!

Volt costs $89K to build, and they lose $49K per car? Yikes!

I am familiar with the Japanese philosophy of sacrificing short term profitability for long term market share, as this has worked well for them.

Buying a market by dumping describes the current political process completely.
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AZRedhawk44

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Re: High VOLTage
« Reply #18 on: September 13, 2012, 11:22:19 AM »
In the tradition of semi-topical APS thread veer, I present this:

https://www.youtube.com/watch?v=duz3yF2dIAU
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French G.

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Re: High VOLTage
« Reply #19 on: September 13, 2012, 11:31:29 AM »
This board is pretty sad, guess I'm the only AC/DC fan, first thing I thought of with the thread title. Hmm, maybe a solid plan to "reform" GM management.

The GM thing really disappoints me. First the bailout, 2nd the On-Star being pushed. I won't own a GM from the current company and I won't own anything that can't have onstar shredded out of it. Sad because I grew up in a very GM household.
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I'm so contrarian that I didn't respond to the thread.
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