If there’s another Volt price cut, then the car will be sold at 1/3 of what it costs to make.
It’s no surprise that when the government gets into the stock business, it’s going to lose and lose big.
“I still think it’s outrageous that General Motors stole some $20 [billion] or $30 billion from taxpayers. I’m sure, to them, that’s chump change,” said Sen. John McCain (R-Ariz.),
Or to put it another way. A Chevy Volt costs GM, the government and you more money… than it costs the idiot who buys one. You may not have a Chevy Volt in your garage, but you already paid for one and you paid 9,000 dollars more than the guy who actually bought one.
Automaker CEO suggests hiking gas prices to “encourage” buyers to off-set his company’s financial woes.
Tens of thousands of nonunion workers shafted by the president’s Chicago-style bailout deal.
March 6-8, 2015
Palos Verdes, CA