Another Obama "Investment" goes South.....

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S. Lindsey
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"General Motors is halting, for a month, the manufacture of its well-known but seldom-sold Chevrolet Volt extended-range electric car, according to trade publication Automotive News."
"It would be the second interruption in production for the Volt, which can go 38 miles on battery power before needing a recharge from its gasoline engine or via a plug-in."

For $40,000 you get an Electric car that can go 38 miles.. For $27,000 you get an Electric car that can go 100 miles. (Nissan Leaf)

So I wonder why GM is not selling those taxpayer subsidized "Electric" cars...?

Just how much was the taxpayers on the hook for?

I mean really if Obama was an Investment adviser you would have fired him already.

grizz
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Not Surprised

Obama can't get anything right. He doesn't have a clue how to lead and grow a country. He only knows how to spread dispair, dependency, and hate.
Barack Hussein Obama truly hates America and it is clear that his goal is to diminish America leadership in the eyes of world leaders. His goal is to destroy the American economy. He has doubled the national debt, put more people on welfare and food stamps, destroyed jobs, increased dependency. He doesn't have solutions, he only knows how to cause problems. His answer to everything is more taxes and more spending. He's about as useful as a screen door on a submarine.

God Bless America.

Cyclist
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Egad S. Lindsey

Another one!!!!! I'm shocked!!!!!! How could this be???? :-)

S. Lindsey
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Cy ***sigh*** Just another...

...in a long line of risky and failed ventures our Investor in Chief has made.

Has any of "his" investments using our money worked out?

I guess risking Capital is easy when it's not your cash... but yet Romney in the villain for doing the exact same thing... OK not the "exact" same thing 95% of his investments actually paid off...so....

kcchiefandy
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SL, at least...

...the Unions are happy! It's a win-win for the Dems - Gov't $$ & taxpayer paid-for Union votes!

rolling stone
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Cyclist and S. Lindsey

I believe that it may be time to relax and enjoy yourselves. Take in a movie, oh let's say 2016: Obama's America and a good book, perhaps "The Amateur". They are in line with the technique of taking self-righteousness to the bank, a la Chic-Fil-A Day. I guess at 6.5 million USD for the first weekend the movie 2016 showed them lefties a thing or two, striking it rich in a mother lode such as that. I of course have no intention of seeing the movie or reading the book, just the reviews which are better anyway. It appears that if I give the spin its proper respectful distance I will be OK, as there does not appear to be enough facts flying around to do much harm.

rolling stone
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An alternate report from a named source

GM: Chevy Volt Output Break Due to Impala Retooling

(USA TODAY by James R. Healey) General Motors is shutting down, for a month, the plant that makes its well-known Chevrolet Volt extended-range electric car. But GM says its is for retooling to produce the coming new Impala, and not, as the report indicated, to cut back this year's Volt production.

PTC Observer
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Rolling - Given

GM's losses it won't be able to keep the Volt, and shouldn't, it can't compete in this market, if there is one.

The only exception to the market rules is government subsidy but that's a steep price for a car no one wants except the visionaries at the Energy Department.

S. Lindsey
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Substantial Inventory

was the cited reason they could stop production and re-tool...

Now why do they have a "Substantial Inventory" oh yeah no one wants a $40,000 electric car that might get you to Atlanta just not back and might just burst into flames.

AtHomeGym
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Steve & Inventory`

Yep, they've got substantial inventory---because the're not selling them in any great number!

Spyglass
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Bad info on the Volt range

Way off base on the capabilities. It can go well over 100, more like 300 plus without refueling or a charge. It has aproximately a 10 gallon gas tank.

Do you remember $600.00 VCR's?

S. Lindsey
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Independent testing shows...

Average mileage on electric only using average electrical loads as anywhere from 32.5 to 40.5 mileage...If you use no radio, lights, A/C or any other electrical device you get on average 60.5 miles before the engine kicks in...

"Here's the long and short of it: The Volt is a four-seat, four-door "series-parallel plug-in hybrid" hatchback with a lithium-ion battery pack that can power the car's 149-horsepower (111-kilowatt) electric motor by itself for an estimated 40 miles in the city. After that, the gasoline-powered inline-4 engine primarily supplies electricity to the motor for as many as 300 additional miles. " Edmunds...

But really who will use it without A/C July in Atlanta?

Spyglass
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I appreciate the new technology myself..

We can sit back and sling arrows all we want, but I don't see the point.

You original post seemed to say the Volt wasn't nearly as capable as the Leaf. There is really no comparison in the two. One is very limited in use, the other could easily be driven to California only stopping as you would in a normal car.

Does it cost too much? Yes, that was the meaning of my $600 VCR query. New 1st Tech isn't cheap.

S. Lindsey
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Government subsidized Unions

is what make it both cheap and expensive..

Spy not "slinging" arrows.. well except those that are aimed at the Government that usurped 50 years of contract law so that kickbacks could be made to help Political donors.
Besides if you are buying an "Electric" car for the fact that you don't use gas then the volt is an overpriced and technically inefficient option.

They are pushing this car as a "Metro" car for use in Cities not going cross country.. so again for it's intended use it is just not worth the price.. Edmunds, Car Tech and Consumer Reports all agree.

Now don't get me wrong.. it's a start BUT it should have come about as a Free Market exercise and not a Taxpayer subsidized "green" boondoggle.

The Chevy Volt is a prime example of what you get when Government get's in bed with business... A perfect example of Crony Capitalism.

PTC Observer
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Lindsey - Crony Capitalism

You're correct a political payoff, just like the LED light bulb, another product that can't stand on its own without government mandate.

Pass a law, make a forced market to pay a donor off, in this case GE.

GE brings good thins to life, through the legislature.