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More lies. GM loses $49,000 on each Volt it builds.

Posted: Sep 10, 2012

Liars.

;

but....but.....but....didn't Obama say he saved GM? - I'm confused (not)

[ In Reply To ..]
Lies, lies, and more lies.

GM is on the verge of bankruptcy.... again! - The truth needs to come out ! nm

[ In Reply To ..]
nm

Good luck with that. Lamestream won't even report - on it.

[ In Reply To ..]
In the tank for Obama.

Looking further into this I found this rebuttal...sm - VTMT

[ In Reply To ..]
See link.

The figure Reuters is calculating is based on the fact that it cost GM between $1 and $1.2 billion to develop. That cost is amortized over whatever the end result of production numbers are. This figure has nothing to do with the ongoing cost of producing the Volt at all.

End numbers... - SK1

[ In Reply To ..]

If the numbers used by Reuters is divided amongst the "end result of production numbers" (i.e., the total number produced, indicating a finite production) it's entirely appropriate to include the cost of development in the numbers.

Yes. As the total number built and sold continue to...sm - VTMT

[ In Reply To ..]
go up the bottom line price of the vehicles will go down.

GM to temporarily suspend production... - SK1

[ In Reply To ..]

Due to low sales and inventory overage, GM will suspend production of the Volt for two months.

Per the linked article, "The average per-car costs for development and tooling will drop as sales volume rises. But GM will need to sell 120,000 Volts before the per-vehicle cost reaches $10,000 -- and that may not occur during the projected five-year life cycle of the first-generation Volt." Year to date sales are 13,500.

The article also cites that low lease rate, instituted to encourage Volt usage, will cost the company further money. Add to that that competitors are planning to come out with comparative cars, probably further reducing Volt sales, at what point does the Volt's production cost actually drop?

I.E., another losing proposition for GM-the cars sell - backwards typist

[ In Reply To ..]
for a starting price of $40K. So, already, they were losing $9K a car!

Short term vs long-term. This is nothing new when - new technology emerges.

[ In Reply To ..]
Case in point would be the microwave oven. The first models sold for $5,000 back in the late 40s and early 50s, which in today's money would equate to a whopping $52,000! The first commercial models in 1954 carried a $2000 to $3000 price tag, which would be like paying between $17,000 and $26,000. With interim improvements in design and technology, it took them from the late 1940s until the late 1970s to make their way into American kitchens in any significant numbers, and between 1986 and today, they went from a 25% ownership to 90% of all households.

Not if they aren't making any. - What are you talking about?

[ In Reply To ..]
nm

I believe SK1 said it was a temporary halt...sm - VTMT

[ In Reply To ..]
for two months until more of the cars on hand are sold.

I did say that... - SK1

[ In Reply To ..]
I also said that sales are a mere fraction of GM projected, that they are offering extremely low lease rates just to get people to drive them, and that competing cars are due to come out onto the market, all of which will impact the Volt's production cost's bottom line... extending the amount of time that the Volt production costs will start leveling out -- by years.

Update: Temporary production suspension for one month. - is due to

[ In Reply To ..]
Impala "retooling," not Volt.

http://content.usatoday.com/communities/driveon/post/2012/08/gm-suspends-chevy-volt-production-over-slow-sales/1#.UE5YBbJmSLI

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