The Chevy Volt by some accounts is over-engineered and at $40,000 plus or minus overpriced. Not to worry GM is giving a discount of some $10,000 and you can get a tax credit of $7,500. All that leads to one sure thing, GM is losing money on each car sold, the number of which is way less than originally predicted. Depending on how you run the number the loss on each car sold to date including all developmental costs, is $30,000 or more.
One source I read said the average income of the people buying the Volt is about $170,000, hardly a car of the people. Remember that $7,500 tax credit, not something that appears to help the middle class is it?
All this outstanding performance based on pushing yet another (green) ideology and the Treasury doesn’t want to sell its remaining share of GM? Yikes
Related articles
- GM is losing $49,000 on every Chevy Volt. (alexrudloff.com)
- Chevrolet Volt by the Numbers (motortrend.com)
- Big Discounts For Chevy Volt To Spur On Sales (detroit.cbslocal.com)
- GM offers big discounts to boost Volt sales (thenewstribune.com)
QUINNSCOMMENTARY 
Just visited Volt website and got this info> “There’s also an onboard gas generator that produces electricity so you can travel a total of 380 miles on a full charge and full tank of gas†. Now that’s long-range savings” Wow, this would mean that my trip from Florida to NJ could take about 4 days. Where is the savings? Would have to spend 4 nights in a hotel + meals to get there. Plus find some place to charge it. Why not concentrate on better gas mileage. That way I can make it in 19 hours. American Car manufacturers just don’t get it. My Altima gets 33 MPG and don’t have to plug it in every 300 miles.
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