Tag Archives: Pure economic loss

A SNIPPET ABOUT THE CHEVROLET VOLT

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The snippet is from a serious blogger with a sense of humor, or at least a good sense of the ridiculous or he wouldn’t call himself Senator Blutarsky.  The moniker is fitting if you consider the Volt is somewhat of an Animal House product.  Here is the Senator’s bottom line.

THE BOTTOM LINE: even with generous assumptions, the first generation of the Chevrolet Volt will consume about $1 billion in federal tax credits, and STILL result in an economic loss to GM shareholders in excess of $600 million over its lifetime. Without the subsidies, the cumulative loss would triple to $1.8 billion.

Go to the Senator’s own words if you want to read the nitty-gritty above the Bottom Line.  Be forewarned, he uses a lot of numbers.  Why not simply divide $1 billion by the number of people who pay taxes to see how much of your money has been invested in the Government Volt.

Let it go at that, watch tonight’s debate and don’t neglect to vote.