Yup, O Sure Saved GM, Huh? It Loses $49K On Every Volt It Makes


No – seriously dude – this thing is gonna work – trust me.

Once upon a time, in a make-believe land – far, far away – the ruler of that land single-handedly rescued its largest auto manufacturer. He not only wisely “invested” billions and billions of taxpayer dollars in the company, but the company paid all the money back – ahead of schedule. As a result, the company, its employees, and all the people of the land were happy – and forever grateful to the wise ruler.

Okay, I just threw up in my mouth – let’s get real. Here’s O, bragging (I know, you’re shocked) last month about saving the auto industry:

“The American auto industry has come roaring back, making us number one again.” 

“Roaring back,” O? Seriously? Not only has GM stock continued to tank – falling 40% since its initial public offering in November 2010 – which has increased taxpayer losses to more than $25 billion, but Obama Motors is reportedly losing $49,000 on every Volt it makes.

If that were your company, would you feel like it’s come “roaring back”?

Via Reuters: 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 into 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 costs as much as $89,000 to produce.

Is the irony lost on you Democrats who scoff at the term “Government Motors”? Only the government could remain in business – and continue to produce Volts – with losses like that. Doubt me? See: U.S. Postal Service. Moreover, it’s at least an even bet that GM will declare bankruptcy before its over as well. Of course, that won’t be until well after the election.

The Volt’s $40,000 base price and its complex technology – the car uses expensive lithium-polymer batteries, sophisticated electronics and an electric motor combined with a gasoline engine – have kept many prospective buyers away from showrooms. Consequently, weak sales have forced GM to idle the Detroit assembly plant that makes the troubled car for four weeks – the second time its done so this year.

Incidentally, Volt’s nearest competitor, the Toyota Prius – the pace car of liberal elites –  has a base price of $24,795. And, by the way? Sales of Prii (the plural, as Toyota tells us) remain brisk. Gotta love the UAW.

Speaking of the UAW, you do know that it was what the ruler of the far-away land really wanted to save, right?

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Categories: Fiscal Responsibility - or the Lack Thereof, Government Motors, Huh?, Lying Liberals And The Lies They Tell, Planet Obama

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8 replies

  1. Not to mention that a huge proportion of Government Motors sales are to- wait for it, the government. And there is at last report a 135-day inventory of light truck, instead of the normal 60-70.

    Only the government could screw up a business this badly, and keep doing it.

  2. Absolutely, nee. Moreover, in excess of $26 billion of O’s “investment” in GM was an outright grant. So, regardless of his disingenuous protestations to the contrary, taxpayers will NEVER be made whole.

  3. There are entirely too many facts here. Financial figures, stock, cost of production vs. profit, etc… OMGosh, what about the ‘fact’ that it is ‘green’!? What about the ‘fact’ that “o” thinks it is the next best thing since the invention of the wheel itself?! You can’t just go all truth Rat! :p /sarc Seriously, I live in the country and I WOULD WALK 15+ miles to get the the closest town before I would ever be in one of these.

  4. Well. Unit just got off the job. Dont usally comment now. Being “a unit” you know means subject to Obamacare IPAB as to usefulness vs keep living if need medical care. Remember “just give grandma a pill” and tylenol at that. Be going in tomorrow Lord willing. And still paying fed. taxes, FICA, sales and all , and fees not called tax.
    BUT Volt as more folks hear and learn…should first be renamed Jolt, to shock awarness, then finally Revolt.

  5. Actually your first paragraph is accurate. It happened when Ronald Reagan was POTUS. The car maker was Chrysler.
    Reagan and Iaccoca structured the deal. It worked so well that Iaccoca complained to Reagan and wanted to amend the terms because of the quicker than expected repayment..
    Reagan said no and held him to it…

    • Yes, but there were a few major differences: The bailout of Chrysler did not include outright grants. Secondly, the government did not end up with 500,000 shares of Chrysler stock as part of “repayment.” Thirdly, Chrysler was forced to restructure debt with its creditors – among other things – before Reagan approved the deal.

      Thank you for the relevant comment!

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