Thursday, September 20, 2012

Socialism

Only the government could build a car as bad as the Chevy Volt.
"Each Volt – which has an MSRP sticker price of $39,145 -  costs GM about $89,000 to build. So GM is losing – roughly – $50,000 per car. That’s a helluva way to do business. It might make more sense just to build a fire with all that money. At least some heat – as opposed to hot air – could be gotten out of it.
Even with the existing $7,500 tax credit and sweetheart lease offers as low as $199 per month designed to “move product,” not much product has been moving. As of mid-September, year-to-date Volt “sales” have yet to reach 14,000 – just a bit shy of the projected 40,000 GM anticipated."
And we're paying for it.

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