Sep 10

- GM Loses Over $49,000 On Every Chevy Volt (ZeroHedge, Sep 10, 2012):

Watching Phil LeBlow providing Ford with a reacharound this morning reminded us of total farce that is both the forest and the trees of the US auto industry. We have discussed the FUBAR channel-stuffing and the subprime-lending SNAFU but now, as Reuters reports, we see the ugly truth about GM’s little baby “the Volt is over-engineered and over-priced”. 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….

Furthermore, there are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce. And while the loss per vehicle will shrink as more are built and sold, GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others. Continue reading »

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Oct 15

From the article:

As the New York Times reported September 5, “For General Motors and the Obama administration, the new Chevrolet Volt plug-in hybrid represents the automotive future, the culmination of decades of high-tech research financed partly with federal dollars.”

Flashback (A MUST-SEE!!!):

- Who Killed The Electric Car? (Documentary)

- Man Builds Electric Car for $4750, Costs $7 For Every 300 Miles (Video)

Related info:

- Electric Vehicle Called ‘Schluckspecht’ (‘Boozer’) Sets New 1,013.8 Miles Record On Single Battery Charge

- Green Car Made From Hemp And Powered By An Electric Motor

- EU Rules: Silent Electric Cars Must Make Noise!

- New Nanoscale Material Developed For Electric Cars

- Department of Energy Secretary Steven Chu Throws $1.4 Billion Loan To Nissan Leaf

- World’s first electric car built by Victorian inventor in 1884

… and General Motors CEO Dan Akerson called the Chevy Volt “not a step forward, but a leap forward” ???

Just more BS they want us to believe in!


- 115-year-old electric car gets same 40 miles to the charge as Chevy Volt (Daily Caller, Oct. 14, 2011):

Meet the Roberts electric car. Built in 1896, it gets a solid 40 miles to the charge — exactly the mileage Chevrolet advertises for the Volt, the highly touted $31,645 electric car General Motors CEO Dan Akerson called “not a step forward, but a leap forward.”

The executives at Chevrolet can rest easy for now. Since the Roberts was constructed in an age before Henry Ford’s mass production, the 115-year-old electric car is one of a kind.

But don’t let the car’s advanced age let you think it isn’t tough: Its present-day owner, who prefers not to be named, told The Daily Caller it still runs like a charm, and has even completed the roughly 60-mile London to Brighton Vintage Car Race.

If you didn’t know there are electric cars as old as the Roberts, you aren’t alone. Prior to today’s electric v. gas skirmishes, there was another battle: electric v. gas v. steam. This contest was fought in the market place, and history shows gas gave electric and steam an even more thorough whooping than Coca-Cola gave Moxie.

But while the Roberts electric car clearly lacked GPS, power steering and, yes, air bags, the distance it could achieve on a charge, when compared with its modern equivalent, provides a telling example of the slow pace of the electric car.

Driven by a tiller instead of a wheel, the Roberts car was built seven years before the Wright brothers’ first flight, 12 years before the Ford Model T, 16 years before Chevrolet was founded and 114 years before the first Chevy Volt was delivered to a customer.

As the New York Times reported September 5, “For General Motors and the Obama administration, the new Chevrolet Volt plug-in hybrid represents the automotive future, the culmination of decades of high-tech research financed partly with federal dollars.”

Continue reading »

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