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.
When I was a kid, I knew two different Santa Clauses. The first had a fat belly, rosy cheeks, a long white beard, and skin as pink as bubble gum. He was omnipresent, visiting my pre-school and the local mall, visible in all of my favorite Christmas specials. Then there was the Santa in my family’s household, in the form of ornaments, cards, and holiday figurines. A near-carbon copy of the first one—big belly, rosy cheeks, long white beard: check, check, check. But his skin was as dark as mine. Seeing two different Santas was bewildering. Eventually I asked my father what
US President Barack Obama may have moved the masses attending Nelson Mandela’s memorial service with his stirring eulogy, but it was his grinning "selfie" with the Danish and British premiers that set social networks abuzz. In a candid moment captured by a photographer, Denmark’s Prime Minister Helle Thorning-Schmidt can be seen holding up her smartphone, with Obama lending a helping hand, as they pose for a picture with David Cameron, all three of them smiling broadly in their seats at Soweto’s World Cup stadium.(Snip)Mashable, the news and technology website, ran the photograph under the headline: ‘‘Dear Obama: Funerals are no place
On his way to the podium at the memorial ceremony for former South African president Nelson Mandela, President Obama walked down the line of dignitaries, greeting other leaders there to pay their respects. Among the hands shaken: that of Cuban leader Raul Castro. Obama neither made a special effort to shake Castro’s hand nor to avoid him. A snub might have been awkward: In his speech, Obama praised Mandela’s “greatest gift” as “his recognition that we are all bound together in ways that can be invisible to the eye; that there is a oneness to humanity; that we achieve ourselves by
Johannesburg - A man who provided sign language interpretation on stage for Nelson Mandela´s memorial service, attended by scores of heads of state, was a "fake," the national director of the Deaf Federation of South Africa said on Tuesday. Asked about the claim by The Associated Press, South Africa´s government said it was preparing a statement. Three sign language experts said the man was not signing in South African or American sign languages. South African sign language covers all of the country´s 11 official languages, according to the federation. It wasn´t immediately clear if the unidentified man was using a
The Obama State Department has finally released a second round of photos revealing the harrowing devastation wrought by a terrorist attack on the U.S. Consulate in Benghazi on Sept. 11, 2012. The new photographs depict rampant damage to the consulate. They show charred walls, smoldering fires, Arabic graffiti defacing exterior walls, and scattered debris throughout. The extent of the damage would lead any reasonably serious person to conclude that this was a cold, calculated attack, carefully coordinated to mark the 11th anniversary of Sept. 11, 2001. Unfortunately for the American people, the Obama-Clinton-Rice cabal that led to the Benghazi cover-up was
A black fashion student says he was brutally attacked by a gang of Hasidic men who shouted anti-gay slurs at him while he was walking through Williamsburg after a night of partying, the Daily News has learned. Taj Patterson, 22, was headed home to Fort Greene around 4:30 a.m. on Dec. 1 when he says more than a dozen ultra-Orthodox Jewish men began assaulting him on Flushing Ave. and yelling, “Stay down, f----t!”
House Speaker John Boehner (R-Ohio) snapped at conservative groups that have come out in opposition to the budget deal reached Wednesday between Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.). "They´re using the American people for their own purposes. This is ridiculous," Boehner said at a press conference with other members of House Republican leadership on Wednesday. Over the past few days, a number of conservative groups have blasted the deal because it sets discretionary spending levels in the budget higher than previous levels under sequestration. In the past three days, the influential Heritage Action, Club for Growth, Americans