Topic: results of a government help!

[John Florida]

GM's Volt - The ugly math of low sales, high costs

(Reuters) - General Motors Co sold a record number of Chevrolet Volt sedans in August — but that probably isn't a good thing for the automaker's bottom line.

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.


http://money.msn.com/business-news/article.aspx?symbol=US:GM&feed=OBR&date=20120910&id=15536514

[Predator Don]

Eventually they will make money.....   They better hurry before thier stock price drops to pennies.

[Libertas]

If the timing works out perhaps ObamaMotors will go under after its chief benefactor also hits the bricks...

 

[Glock32]

They keep talking about all the jobs they saved at GM and Chrysler. No one ever asks how many jobs they destroyed by artificially prolonging two failing companies and thereby preventing the entrepreneurial activity that would have otherwise occupied that vacuum in the market.

Liberals have a thoroughly static view of the world. Evidently they think GM and Chrysler going into bankruptcy means all the equipment, tooling, designs, and talent would just disappear into the ether forever.

[John Florida]

  GM and Chrysler will be fine as soon as they go through a real bankruptcy and the can ditch the unions contracts.

[Libertas]

Temporary fix JF, after raping the bondholders, who but a complete moron would ever invest one cent in GM paper?  They would have to exist as a self-funded entity if they lack access to debt funding...something they would almost certainly fail at in epic fashion.

[John Florida]

Temporary fix JF, after raping the bondholders, who but a complete moron would ever invest one cent in GM paper?  They would have to exist as a self-funded entity if they lack access to debt funding...something they would almost certainly fail at in epic fashion.

  China would end up owning it.

[charlesoakwood]

There is enough latent good will, if they go into bankruptcy, hire a real
CEO-CFO-GM, clean house of the unions and crap cars, come out and
illustrate to the people they are an actual company intent on building
good vehicles (they could limit it to actual favorites) they could recover
their good name.

Personally, they never had a good name with me.  They were the first
company to suck up to Roosevelt during the depression, used that leverage
to promote themselves to number one.  The best thing they did was assure
an ample availability of parts.  Chrysler was the second to succumb and Ford
fought Roosevelt to the bitter end. (Give in or we will fold you)

[benb61]

You may also have noticed that Ford did not take any TARP money.  They were able to make it through the tough times on their own.

[Pandora]

You may also have noticed that Ford did not take ant TARP money.  They were able to make it through the tough times on their own.

I've seen it remarked upon that Ford did not put up a big stink either, in case they need a bailout themselves later.

I'm not buying it and I think it's an unjust supposition.  I believe Ford did not want to make a target of themselves, particularly after seeing what happened with Toyota re: "stuck accelerator" problems.

[Alphabet Soup]

Bonus question: Who was GM's largest single purchaser of the Chevy Dolt?

[charlesoakwood]

Oh, Bama?

[Predator Don]

Bonus question: Who was GM's largest single purchaser of the Chevy Dolt?

GE?

[Libertas]

Temporary fix JF, after raping the bondholders, who but a complete moron would ever invest one cent in GM paper?  They would have to exist as a self-funded entity if they lack access to debt funding...something they would almost certainly fail at in epic fashion.

  China would end up owning it.

Heck, the way the leftists are destroying it the Chi-Com's probably won't even want it...except for scrap value!

[John Florida]

Bonus question: Who was GM's largest single purchaser of the Chevy Dolt?

 The Feds bought 70% of sales.

[Libertas]

Bonus question: Who was GM's largest single purchaser of the Chevy Dolt?

 The Feds bought 70% of sales.

NOT a good sign!

http://freebeacon.com/great-green-car-fleet/

Expensive motherfraking range targets!

    

[John Florida]

  This is just the opening salvo for these cars,as others come out with "green cars" for less money all that will happen is make the volt worth less and less. GM stands to lose more money as the lease cars come back and bite them in the azz.Like I said before it came out,it's a looser and will be worthless when people try and trade thes dogs.