Rep. John Dingell (D-MI): “(Mitt) Romney is the only fellow in the US who appears to think that the Volt is an idea whose time has not come. Clearly it has not come to him. The Volt is selling like hotcakes.” We agree. The Volt is clearly selling like hotcakes that cost 40 grand apiece and burst into flames unexpectedly.
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Bye Bye Spark!!!
Chevy suspends production of the Volt just days after Obama talks about how great it is!
GM blames the media for low sales.
1300 workers laid off.
Billions of taxpayer dollars lost, AGAIN!
Let’s keep supporting green companies…….NOT!!!!
http://www.nytimes.com/2012/03/03/business/gm-suspends-production-of-chevrolet-volt.html?partner=rss&emc=rss
http://news.yahoo.com/gm-suspends-production-electric-volt-233857613.html
http://www.star-telegram.com/2012/03/02/3779743/business-briefs-general-motors.html
They only stopped production because it's selling like hotcakes.
Yea, they're selling like buttermilk hotcakes at an Atkins Diet seminar.
If IHOP run their pancake houses like the gooberment runs GM they would be out of business in no time.
Yeah, whats funny is that IHOP makes a barrel of money and they suck, just not as bad as Chevy.
Congratulations to General Motors: Worst Car Stock of 2011; Chevy Volt a ‘Worst Product Flop of 2011′ Winner
Posted by Seton Motley on January 6, 2012 at 9:01am
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.General Motors stock (NYSE: GM) finished 2011 down 46.1% – the absolute worst car or car-related product stock on the board. Besting (so to speak) the second worst by 4.5%.
And GM’s unprofitable, unpopular, combustible electric Chevy Volt was a ‘Worst Product Flop of 2011’ winner.
http://finance.yahoo.com/news/the-worst-product-flops-of-2011.html
Oh, and GM is moving electric vehicle development (and production?) to China – which sort of undermines the jobs “created or saved” reason for the $50 billion GM bailout.
All of which is even more terrible GM news for We the Taxpayers.
http://www.lessgovernment.org/2011/11/17/good-news-we-wont-lose-14-3-billion-on-the-auto-bailout-bad-news-it-will-actually-be-23-6-billion/
Per the titanic GM stock price drop-off: As a result of President Barack Obama’s $30 billion in additional bailout coin, we own more than 500 million shares of GM stock. To break even on our “investment,” these shares must be sold at $53 per. GM closed yesterday at $21.15. Which if sold today would mean for us about a $16 billion loss – just on the stock portion of the GM bailout (we’ve suffered additional huge losses on other portions thereof).
Less Government tracks the looming stock loss – and offers the solution for how we can extricate ourselves from GM – at http://www.bailoutcost.com/
Less Government President Seton Motley
Does Rep. Dingleberry happen to have documented sales figures for multimillion unit sales of the Chevy Spark? Then I guess that Detroit has reached the "Tucker Auto Corp" stage of decay.
Dingleberry needs to put his money where his mouth is. Why don't he buy one of these POS junk piles and drive it from one coast to the next and back and then talk shit. He's busy lieing like a shit eatting fly because he's losing money on it right now because that little insider information and all his money are going down the shithole and no one wants any part of it. The nation is laughing at you snakey congressional insider information scabs. Choke on your poopoo pies.
Just so he don't drive it through Texas. I'd hate for MGAP to get any of that crap on his tires.
We have a strict no littering thing here in the Lone Star State! So the burning hulks of these cars on the roadside would DEFINITELY be "messing with Texas" and frowned upon by all.
If I were a trooper, I'd cite them for littering while they're still moving. Does the law state that trash must be stationary to be litter?
I have yet to set eyes upon one of these little beauties. Course I live in Tejas. We all driving SUVS and Kick em up trucks. I wonder if I've accidently run over one and assumed I just capped an armadillo?
No that was a smart car. Remember the pop?
Bu-bump-POP! Love it Rose!
**Thanks** (blushing)
Naw, prolly not. You hit a dillo and all you hear is "bu-bump." The Volt would likely go "bu-bump-KABOOM."
Pretty sure I'd remember that....
I do like how evolution favored the 'dillo, what with jumping to bumper height when spooked.
I used to have a guidebook to roadkill called "Flattened Fauna", and their entry for them was that "Contrary to popular Southern opinion, Armadillos are not born dead on the side of the road." Good times. Great book.
Why did the chicken cross the road? To show the armadillo it could be done. Okay it's old but what the hell.
Dingell is just another Democrat who has lost touch with reality. Selling like hotcakes? The Volt is actually selling like Edsels. The difference being that the Ford Motor Company picked up the tab for the Edsel failure whereas the American taxpayer is going to pay for the Volt fiasco.
Dingell has represented the 15th Michigan District since 1955; he was in Congress when the Edsel failed in 1959, in 56 years this senile political hack has learned nothing. He's one of the reasons this country is in such trouble, but if he choses to run again this year he'll be reelected without serious opposition, it's a disgrace.
From Wikipedia:
Dingell has drawn criticism for his ties to the automotive industry.[23] The three largest contributors to his campaign for the 2006 election cycle are political action committees, employees, or other affiliates of General Motors, Ford Motor Company and DaimlerChrysler;[24] since 1989, intermediaries for these corporations have contributed more than $600,000 to his campaigns.[25] Dingell also holds an unknown quantity, once more than $US 1 million,[26] in assets through General Motors stock options and savings-stock purchase programs; his wife, Debbie Dingell, worked as a lobbyist for the corporation until they married. She then moved to an administrative position there.[27] As of June 2007, Mrs. Dingell was executive director of Global Community Relations and Government Relation at GM and vice chair of the General Motors Foundation.[28]
Gee. That sounds almost like conflict of interest. But we all know the Honorable Mr. Dingell wouldn't do anything dishonest, would he?
Who are the customers? RETAIL sales are what counts since that is where the profit is. Fleet is good for publishing a higher sales figure but not for the bottom line.
I believe they are counting dealer inventory in their sales figures. I haven't seen one Volt on the road around here.
I saw one a couple of week ago, the driver wanted to plug into the electrical outlet to charge the batteries at the store I work at. I told him sure, go ahead, for $5.00 per minute. While he was raising hell about highway robbery I calmly explained that there ain't nothing in this life free, either buy some gas or some electricity or do without. He bought some gas instead, it's 40 miles to the next town and he had no choice.
If so, then they are counting wholesale and that is a big no-no in the industry. I haven't seen one either.
Me neither, but this is Texas, so. . . . .
Wonder what HE drives?
He drives a Volt with hotcakes for wheels!
Maybe he was thinking of fatcakes.
Excellent question.
He doesn't drive anything. His driver drives. Driving cars is for us little people.
Of course, how silly of me to forget!
Heh heh, his name is "Dingell."
Yeah, but it's spelled "D-U-M-B-S-H-I-T"