Chevy Volt sales are cranking up. General Motors sold three times as many Chevrolet Volts in 2012 as it did in 2011, which was the car´s first full year on the market. GM sold 23,461 Volts in 2012 compared with just 7,671 in 2011. While it´s an impressive jump, the Volt is still one of Chevy´s lowest-selling cars. However, the Volt greatly outdid the Corvette, for instance, of which only 14,000 were sold last year.
Probably all purchased by union flunkies using taxpayer bailout money. Makes it look like business is booming.Nobody is dumb enough to buy one of those things, not even Obama voters. Then again, no underestimating human ignorance. One can always go lower.Proven time and time and time again.
FTA: GM was offering the car for $289 a month with a $2,800 down payment. That was far less than a car with the Volt´s nearly $40,000 purchase price would ordinarily lease for, even factoring in a $7,500 plug-in car tax credit.
So they are selling them for pennies on the dollar. How soon before GM is once again begging for a bailout?
OMG, the Volt outsold the Corvette! I love the Corvette (had one), but it is a supremely impractical car. It sure isn´t a car one buys to save money, or to haul a family around, or even to drive on slightly wet roads.
And in related news, I noticed that most of these Volt sales were in Southern California, where Volt owners are now not happy: LAX announced they will no longer be giving free and preferential parking to plug-in owners, a freebie worth hundreds of dollars a month to many of these owners. Would they buy the car if it weren´t subsidized?
#5 caught it. GM is doing all kinds of lease deals on high priced vehicles, which in 2 or 3 years will be a huge liability for them. They are kicking the can down the road, just the way congress and the kenyan klown are kicking the deficit down the road. And the CNN headline is pure trickery. If I sold one widget last year, and three widgets this year, my sales have tripled this year.
Can´t really call them sales if they´re giving them away or transacting with a captive customer like another government unit. If quantitative easing is printing money increasing the supply while making it more useless, then this is automotive easing.
Buyers PAY for their Corvettes. Taxpayers subsidize the VOLT. and there is no mention of how many were bought by the Government. That´s like moving money from one pocket to another and adding taxpayer money increase the size of the wad.
#17 says it all. It’s a terrible investment for the buyer, and why is GM celebrating selling more of a product that loses money for them with each additional unit sold? Is it a coincidence that the US ranks 27th in the world in math scores?
Sometimes I wonder if CNN is intentionally dense. Volt and Corvette are not comparable. The vet is a specality car and volume is kept low on purpose. Keeps demand and prices up - duh, that involves thinking.
Wasn´t GM supposed to sell 40k Volts in 2012? Didn´t the plant have a couple of furloughs due to slow sales? Any mention? Of course not.
GE bought a number of them for employees use. Doesn´t matter to them that Volts are small cars, really only suitable for two people and a couple of beagles. GE is in bed with Obama and for that reason alone I won´t buy another GE product. Plus the fact that GE products are unreliable. So when the sales figures are broken down, I will bet that the number sold to private citizens is miniscule. (If they even would break down those figures. Hah!)
Check the parking lots at the Pentagon and Homeland security if you want to see where a chunk of these taxpayer hell cars are. Wasn´t long ago Volt workers were on furlough,sitting around playing Monopoly while getting paid.
You just had Toyota getting slapped with a billion dollar payout in bogus claims and yet these cars are potential fire hazards and nobody blinks as eye.These cars could be a big part of why GM wants to part company with the government but I doubt Obama´s bully machine will allow it
Fleet sales. Fleet sales.!! We need that data for this story to have any sense. Last I remember GE was going to buy a large fleet of Volts. Did they? What portion of these sales were due to fleet sales.
I´d take a used Yugo or ride a horse before I´d ever buy a Goobermint Motors (GM) product, especially a Volt. There isn´t enough ridicule, and contempt, to heap on Goobermint Motors as far as I´m concerned.
Well ... as a status symbol for the moderately affluent Ecologically Pretentious the Volt isn´t a bad toy. Otherwise it doesn´t make much sense. Btw --- the Corvette sales numbers? This year is the end of the C6 series. The new C7 will be introduced in 2 weeks at the Detroit auto show, so it isn´t too surprising the End Of Model Run slow down hit their sales numbers.
If it were not for barry obama and his green dreamers, the Volt would not exist. The market drives car sales and even the government can´t purchase enough of these impractical motorized skate boards to ever make it successful, although they will try. Ditto on GM purchases. There will never be another GM product near my house.
KABUL – Death by stoning for convicted adulterers is being written into Afghan law, a senior official said on Monday, the latest sign that human rights won at great cost since the Taliban were ousted in 2001 are rolling back as foreign troops withdraw. "We are working on the draft of a sharia penal code where the punishment for adultery, if there are four eyewitnesses, is stoning," said Rohullah Qarizada, who is part of the sharia Islamic law committee working on the draft and head of the Afghan Independent Bar Association.
France will not launch an assault on Syria alone and will wait for U.S. Congress to decide on whether to punish President Bashar al-Assad´s government for a gas attack that killed hundreds of civilians, Interior Minister Manuel Valls said. Valls made the comments on Sunday to Europe 1 radio as pressure mounted in France for President Francois Hollande to put the question of intervention to a parliamentary vote. Also on Sunday, Prime Minister Jean-Marc Ayrault said he would meet with the heads of the two houses of parliament and the opposition on Monday to discuss Syria before a scheduled parliamentary
BRITAIN allowed firms to sell chemicals to Syria capable of being used to make nerve gas, the Sunday Mail can reveal today. Export licences for potassium fluoride and sodium fluoride were granted months after the bloody civil war in the Middle East began. The chemical is capable of being used to make weapons such as sarin, thought to be the nerve gas used in the attack on a rebel-held Damascus suburb which killed nearly 1500 people, including 426 children, 10 days ago.
The wife of singer Ted Nugent was arrested Thursday afternoon after security found a gun in her carry-on luggage at Dallas/Fort Worth International Airport. Airport spokesman David Magana confirmed that the DFW Airport Department of Public Safety took Shemane Ann Nugent, 51, into custody, and “the rest of it is working its way through our system of legal approval.” Nugent’s attorney, David Finn, said that taking the gun to the airport was an “honest mistake.” Finn said Nugent has a concealed handgun license.
WASHINGTON — A continued decline in the federal budget deficit this year is resulting in a better than expected fiscal forecast for 2013 from the non-partisan Congressional Budget Office. The CBO projects a $642 billion budget deficit for fiscal year 2013, down more than $200 billion from its February estimate and the smallest annual shortfall since 2008. It is the lowest level of deficit spending to date under President Obama, who faced $1 trillion or more in annual deficits during his first term.
Operators of the Texas fertilizer plant that exploded this week, killing at least 14 people, failed to tell federal regulators that the company was storing large amounts of volatile ammonium nitrate, according to reports emerging in the accident’s aftermath. At least one lawmaker suggested that West Fertilizer was “willfully of the grid” to avoid scrutiny from the U.S. Department of Homeland Security (DHS) and other regulators, Reuters reports.
The Iraq war has cost the U.S. more than $2 trillion so far and with interest could swell to more than $6 trillion, according to a study released Thursday. The study, part of the Costs of War Project by the Watson Institute for International Studies at Brown University, drew from actual expenditures from the U.S. Treasury and future commitments.
I have never been much of a conspiracy theorist. For me it was always Oswald by himself from the Texas School Book Depository and nothing in the intervening fifty years has disabused me of this notion. For the most part, I’m an Occam’s Razor kind of guy — the most obvious explanation is likely to be true. (Snip) To put it bluntly, Occam’s Razor has moved. Things that were once possibilities now seem almost certainties to me. Principal among those is that Obama’s academic records are perpetually unavailable for a reason — and that reason is most likely that they reveal
One of President Obama´s chief political assets has been his ability to excite young people like almost no politician in history. But the days of America´s youth fawning over the president are over. A new Harvard University Institute of Politics poll released Wednesday confirms what other surveys have shown in recent months: Millennials have soured on Obama so much this year that their opinion of him largely mirrors the American public´s. Even though Obama does not ever have to face another election, he should be worried about the findings for a couple of reasons, which we will dive into momentarily.
President Obama will cast growing income inequality and a decline in economic mobility as a “fundamental threat to the American dream” during a speech Wednesday in Washington. The speech will serve as an early preview for next year’s State of the Union address, according to a White House official, who said Obama would focus much of his energy over the next three years on the issue. “The decisions we make over the next few years will determine whether or not our children will grow up in an America where, if you work hard, you can get ahead,” the official said.
Good stuff from Jonathan Turley at today’s House hearing on executive power, although I regret that I couldn’t find a more user-friendly format for you to watch. There’s no compilation clip; you’ll have to make do with the C-SPAN embed by fast-forwarding to the time cues I give you and being patient while the vid buffers (and buffers, and buffers).(Snip)That brings us to point two: Even if Congress can’t stop Obama, the courts can. The problem there, though, says Turley, is that O and the DOJ have argued successfully in many cases that no one has standing to sue him
During a presentation at the White House in which President Barack Obama touted the benefits of the Affordable Care Act, the president declared that his signature health care reform law was not going to be repealed. This assertion led his administration members, his staff, and audience members to rise from their seats and give the president a standing ovation. Obama said that ACA opponents’ alternative to the health care reform law is to champion repeal and going back to the health care delivery system status quo ante. He specifically cited Sen. Mitch McConnell (R-KY) who he said was asked directly for
A woman has revealed how difficult it is to eat healthily and stay full when living off an average food stamp budget. Melinda Moulton, from Huntington, Vermont, was one of 200 people to take part in the 3Squares Challenge, which saw her living for a week on just $36 worth of food, or around $1.71 a meal. Opting to try and eat as healthily as possible, Ms Moulton resorted to cheap foods like yogurt for breakfast, two handfuls of peanuts for lunch and lentil stew for dinner, all of which left her unsatisfied.´I don´t know how people do it,´ said
[Video] President Obama on Wednesday declared that addressing income inequality would be the focus of “all” of the White House’s efforts “for the rest of my presidency.” In a sweeping address that touched on raising the minimum wage, investing in infrastructure and ending tax breaks for the wealthy, Obama warned that the American economy has become “profoundly unequal,” declaring economic mobility the “challenge of our time.” “The combined trends of increasing inequality and decreasing mobility pose a fundamental threat to the American dream, our way of life, and what we stand for around the globe,” he said in an hour-long