GM Now Losing $59,000 on Every Chevy Volt Sold

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If there’s another Volt price cut, then the car will be sold at 1/3 of what it costs to make.

Obama Inc. Sells GM Stock for $10 Billion Loss

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It’s no surprise that when the government gets into the stock business, it’s going to lose and lose big.

Government Motors Stole $20 Billion from Taxpayers, Spent $18 Million on Lobbyists

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“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.),

Second Term Headaches

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Lingering problems catch up to a president.

Government Motors Losing $49,000 on Every Chevy Volt

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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.

Paul Ryan Was Right on Obama’s GM Plant Abandonment

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Plant closing demonstrates the president will say anything to get elected.

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Obama’s GM ‘Success Story’ Headed for Bankruptcy

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Automaker CEO suggests hiking gas prices to “encourage” buyers to off-set his company’s financial woes.

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The Autoworkers Obama Left Behind

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Tens of thousands of nonunion workers shafted by the president’s Chicago-style bailout deal.

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