Saturday, September 22, 2012

GM Slashes Price on Dud Volt

General Motors is slashing prices on the Solyndra of the automobile world:

General Motors is offering big discounts to boost sales of the Chevrolet Volt, a plug-in extended-range electric car that struggled to attract buyers until its price began dropping early this year.
Discounts run as high as $10,000 per Volt, according to figures from, an auto pricing website. They include low-interest financing and subsidized leases. Leases have run as cheap as $250 a month
Sales of the $39,995 car have quadrupled this year, and set a monthly record in August. They show that Americans, who have been slow to embrace electric cars, are willing to buy them if prices are low enough.
 Yes "sales of the $39,995 car have quadrupled this year and set a monthly record in August". GM sold a whole 2800 Volts in August. So many, in fact, that they decided to stop making them and re-tool the plant to make Malibus -- a car that actually sells.

The Volt is a car that nobody wanted produced by a quasi-government manufacturing operation at the behest of a government run by leftists who are enamored with impractical and non-marketable "green technology" that doesn't work.

Yes, the Volt doesn't work: The whole concept of the Volt is a lie. The truth about this ugly, overpriced and impractical piece of crap is buried at the end of the USA Today story:

The Chevrolet Volt can run about 25 miles on its batteries and electric motors before a gas engine takes over. Because it can be recharged by plugging in, owners rarely need to fill up at gas stations. But the car has been controversial because of the government bailout of General Motors and its cost.
Yes, that's correct. You drive the car 25 miles and plug it in for eight hours. This tends not to work very well for the normal driver who drives 20 miles to work and parks in a parking lot that doesn't have a place to charge their Volt. Which means that the Volt is for the most part a backwards gas-engined car that uses a gas engine not to power the wheels but to charge the battery. Kind of like peddling a bicycle to run a little generator that powers a little electric motor that turns the wheel of your bike. Positively ridiculous.

All this brings us to the reason why GM is paying $10,000 rebates to move Volt off the lot. By the way, even at $40,000, Chevy is losing $30,000 on each car sold. Which means Chevy lost $84 million on all the Volts it sold last month. Well now I understand why they what to sell MORE Volts: The more you sell, the more you lose.

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