Tag Archives: Volt

A SNIPPET ABOUT THE CHEVROLET VOLT

voltshock.jpg

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.

OBAMA PRAISES THE CHEVROLET VOLT AND REVEALS HE WILL NOT SEEK A THIRD TERM

The cat is out of the bag, so to speak.  President in Chief, B. H. Obama let this remark slip out in a speech to the United Auto Workers union last week.  He vowed to buy a Volt “five years from now, when I’m not president anymore.”  So much for the alarmist’s President-for-life theory.

What occasioned the remark was the then imminent shutting down of the production line for the Chevy VOLT and the ensuing layoff of 1,300 workers by Government Motors.  The President wanted to assure the union workers of his continued support for the car.  The VOLT has been an utter failure in the market place.  Not since Ford introduced the Edsel has a car been such a flop.  Ford’s mistake was to put a toilet seat on the front of the car and then give the car a name like Edsel.  The failure didn’t cost taxpayers a red cent.  The company acknowledged they had launched a loser and discontinued the model.  That decision was just common sense born out of necessity.

GM, however, is only a quasi-private sector company that remains subject to the demands of Obama and his administration.  While a private sector company must manage sensibly to avoid the bankruptcy courts and assure its ultimate survival, no such discipline exists with the government.  The politicians do not pay for their failures; we do.

If the batteries are still good, and he is careful with his speed, Barack will be able to drive electrically up to 40 miles on just one battery charge.  All I can say to that is, “Wow!”  After only 8-10 hours of recharging at home, he can drive on the batteries for another 40 miles, again “Wow!”  Of course, in 5 to 8 years it will be time to replace the batteries.  At a cost of about $15,000 before adjusting for inflation, this effectively sets the lifespan of the car.

Now here’s one for the… you-can’t-make-this-stuff-up… department.  The VOLT is sold in Europe under the name Volt/Ampera.  There are some mighty fine automobiles built in Europe and every year one outstanding example is chosen to be honored as Car of the Year at the Geneva Auto Convention.  This year they picked the VOLT.

The auto show, in its review of the vehicle, called the Volt/Ampera a “mature product, after years of development and perfectioning by General Motors, and the first example of an electric vehicle with extended range.”

Europeans are not normally that dense when it comes to engineering.  It must be racism.  It’s Obama’s car.  Ridiculous of course.  But so is the car.

THE VOLT

Government Motors, Central Planning Department, Division of Collusion

From Forbes Magazine

The Chevrolet Volt is beginning to look like it was manufactured by Atlas Shrugged Motors, where the government mandates everything politically correct, rewards its cronies and produces junk steel.

This is the car that subsidies built. General Motors lobbied for a $7,500 tax refund for all buyers, under the shaky (if not false) promise that it was producing the first all-electric mass-production vehicle.

The Volt will only run 25 to 50 miles on a battery charge. Then a gasoline engine requiring premium grade fuel comes on to recharge the battery. Batteries do not last the life of the car. Replacements are exceedingly expensive and disposal presents an environmental hazard challenge. Sales were 326 in December, 321 in January, and just 281 in February.

Recently, President Obama selected General Electric CEO Jeffrey Immelt to chair his Economic Advisory Board. GE is awash in windmills waiting to be subsidized so they can provide unreliable, expensive power.

Consequently, and soon after his appointment, Immelt announced that GE will buy 50,000 Volts in the next two years, or half the total produced. Assuming the corporation qualifies for the same tax credit, we (you and me) just shelled out $375,000,000 to a company to buy cars that no one else wants so that GM will not tank and produce even more cars that no one wants. And this guy is the chair of Obama’s Economic Advisory Board?

And,

Consumer Reports got about 30 miles to the gallon of premium fuel; which, in terms of additional cost of high-test gas, drives the effective mileage closer to 27 mpg. A conventional Honda Accord, which seats 5 (instead of the Volt’s 4), gets 34 mpg on the highway, and costs less than half [the cost of a Volt] even with the tax break

Here we have a government that is building an overpriced car at a loss, paying people $7,500 to buy it and still can’t sell it. It’s the perfect example what you get when the free market system is replaced with central planning – a surplus of unwanted products, shortages elsewhere and industry/government collusion to make it all happen.

LOW VOLTAGE – A CENTRAL PLANNING REPORT

THERE GOES THE CHEVROLET VOLT

Chevrolet sold 287 Volts in February, down from 321 in January. Toyota sold 25,860 Corollas.

Now that General Motors is Government Motors, the dedication to the green car, the Volt, was a central planning decision, not a market driven one. The decision to build it had nothing to do with consumer demand.
A great deal of money was spent on its development, promotion and production. If the product fails, that money represents a loss to the wealth of the nation. Any time an economic failure occurs, everyone loses. This is the big picture. The picture the Left does not understand.

It happens in private enterprise too. But private enterprise plans to win. Central planning plans to fulfill an agenda. If private enterprise reduces their wealth and that of the nation, they alter their plans. Government uses a different yardstick. Strange as it may sound, the wealth of the nation is irrelevant to government. Size of government is what matters. Growth is good. Profit is sin. Appropriating the wealth of its citizens is virtue.

The Volt is a central planning car. The Volt is an economic failure.