Even The Washington Post Says GM is Headed Down a Dead End Road with the Volt

The Volt is too expensive to make. The Volt is too expensive to buy. It is the poster child of the Auto Bailout. It has a tendency to catch on fire. What’s not to love?

(From The Washington Post)

The Energy Department study assumed that General Motors would produce 120,000 plug-in hybrid Volts in 2012. GM never came close to that and recently suspended Volt production at its Hamtramck, Mich., plant, scene of a presidential photo-op. So far, GM has sold a little more than 21,000 Volts, even with the help of a $7,500 tax credit, recent dealer discounting and U.S. government purchases. When you factor in the $1.2 billion cost of developing the Volt, GM loses tens of thousands of dollars on each model.

Click here for the story.

Filed under
Tags

About Nick Sorrentino

A Photo of Nick Sorrentino

Nick Sorrentino is the co-founder and editor of AC2NEWS.com and AgainstCronyCapitalism.org. He is also the founder of TheSorrentino.com. A political and communications consultant whose clients have spanned the political spectrum, his work has been featured at Chief Executive MagazineReason.com, NPR.com, Townhall, The Daily Caller, and many other publications. He has spoken at CPAC, The Commit Forum, The Atlas Summit, The US Chamber of Commerce, The National Press Club, and at other venues. Sorrentino is the Founder of Exelorix Consultants and a senior fellow at Future 500. He is also the author of the book Politicos, Predators, Payoffs, and Vegan Pizza. A graduate of Mary Washington College he lives just outside of Washington DC where he can keep an eye on Leviathan.