POSTED: Monday, September 10, 2012 - 5:44pm
UPDATED: Thursday, September 13, 2012 - 3:14pm
tyler, tx — Another example of government goes where it does not belong.
It gets involved in bailing out General Motors.
Part of that deal was forcing a car on the American public. Ladies and gentlemen, I give you the Chevy Volt. I'll have to give it to you because no one else wants it.
We've had to endure all the Bravo Sierra about the Volt from auto writers who have been pulling for it. But, according to an article in Reuters, it's over engineered and too expensive.
GM is losing almost $50,000 for each copy it puts out-- 49,000 to be exact.
It costs $89,000 to build.
And they want the American public to embrace it. One day we will have a a car that will do the same thing for a lot cheaper. But it will come from the free market.
Even offering leases of 200 months a month, no one wants this thing except for GE.
They buy them because they are in bed with the administration. GM tried to come up with some spin last week that they were shutting down production of the Volt to make something else for a while.
But, we weren't born last week. We knew what's up.
Now, they admit it. According to this article, GM acknowledges the Volt continues to lose money, and suggests it might not reach break even until the next-generation model is launched in about three years.
The next generation? Let's kill this pig in a polk right now.
The government almost always picks losers.
By the way, the vehicles helping regenerate the car business right now, it's stuff people want like pickups and SUVs.
Work on that, GM, please.
That's my point of view, what's yours?