Chevy Volt Halted. Who did not see this coming?

[Pixguy]

http://news.yahoo.com/american-auto-bailout-france-100824412--abc-news.html

We, the taxpayers of the US now own part of Peugeot, cuz we still own part of GM.

Why are they not paying off their debt to us if they have extra cash?

 

[EddieWalker]

President Bush was in office when the Volt was developed. But nice try.

The Chevrolet Volt concept car was unveiled at the January 2007 North American International Auto Show, becoming the first-ever series plug-in hybrid concept car shown by a major manufacturer.

Using your logic, Pres. Bush was in office and the Volt was not put into operation. In fact, when Pres. Bush was in office, they looked into all sorts of green energy, alternative energy ideas. Some they did and have been disasters. Ethynol is probably the worse thing out there and for that single thing, Pres. Bush was a bad president. They also didn't do some of the other things that they knew didn't make any sense. Solyndra was something that they knew was a bad idea, yet Obama gave them $500,000,000 dollars after they had lost hundreds of millions of dollars before getting the money with technology that was outdated and more expensive then coming out of China. If Bush was stupid, Obama is STUPID ON STEROIDS!!!! He took all of Bush's bad ideas, and rejects, and jumped into them ignoring all the warnings and advice not to.

What is so hard to understand is why you support and excuse Obama?

Eddie

 

[zzvyb6]

I believe your information is way out of date and in error. GM paid off the cash loan, the government has remaining stock options and has not sold them because its making some cash on the deal because of the gm profit. When the stock regains a designated value, it's to be sold for a profit. The stock returns are easier to mingle with other budget slush funds and make disappear into favorite pork projects.

I'll bet all the negative commentors here have never been in a volt or driven and operated one. Guarantee that maybe only one (maybe two including me) have been in the plant to see the stuff going into the car. The simple answer to the high cost of the car lies in the IRS tax structure of this country. The amortization and depreciation schedules of new high tech tooling by law, are MAJOR factor in why manufacturing has gone overseas. But, no worry, the chinese have asked for the entire volt technology and manufacturing deal so they can be built there. First they have to get rid of the korean built battery (Bad karma, eh?). Intellectual property rights be dammed (They have us over a trillion dollar barrel, remember?)

Meanwhile: Bad Karma: Our Fisker Karma plug-in hybrid breaks down - Yahoo! Autos

This is not even a hybrid. Why does the press deliberately perpetuate false information ? This is the real electric golf car. No backup return home possibility. And, the volt is NOT really a hybrid.

 

[EddieWalker]

I believe your information is way out of date and in error. GM paid off the cash loan, the government has remaining stock options and has not sold them because its making some cash on the deal because of the gm profit. When the stock regains a designated value, it's to be sold for a profit. The stock returns are easier to mingle with other budget slush funds and make disappear into favorite pork projects.

If it wasn't so sad, this would be funny. GM paid off the loan with TARP money. They didn't go out and make a profit, then use that money to pay off the loan. They just got more money from the government to pay off the loan. It's just like getting a credit card, maxing it out, then getting another credit card to pay off the first one and saying that you paid off that credit card debt. While true, it's also very misleading.

How did GM pay off its bailout loans? Hot Air

As for the stock and it's value, why are the US citizens gambling with public money on a private company? Nowhere is the role of government to buy stocks and support favorite companies with the hope that they might some day make a profit and we might break even. If your stock broker did this, you would fire him for being stupid. Yet you defend Obama for doing this. Why?

You are right in that I've never driven a Volt. I've never driven a thousand differnet cars out there. I don't care about the Volt as a vehicle one way or another. What I do care about is that tax payer money is being used to force a vehicle on us that time and time again has been proven a failure. If and when the time comes for the Volt, then let the market decide. If you want one, then I'm all for you going out and buying one. I don't want to pay for it, and I don't want a single penny of my taxes going towards your buying it, especially when our national dept is at 15 trillion dollars.

If it is a good car, then people will buy it and they will make a profit on it. Have you heard of the Prius? Why can Toyota make a car that people buy and Toyota can make a profit on, but GM needs tax dollars to make a car that nobody wants to buy? What part of this makes sense to you?

While I respect your support for Obama and wanting to believe what he says, what I can't comprehend is that you don't see what he actually does.

Eddie

 

[jonyyuma]

Using your logic, Pres. Bush was in office and the Volt was not put into operation. In fact, when Pres. Bush was in office, they looked into all sorts of green energy, alternative energy ideas. Some they did and have been disasters. Ethynol is probably the worse thing out there and for that single thing, Pres. Bush was a bad president. They also didn't do some of the other things that they knew didn't make any sense. Solyndra was something that they knew was a bad idea, yet Obama gave them $500,000,000 dollars after they had lost hundreds of millions of dollars before getting the money with technology that was outdated and more expensive then coming out of China. If Bush was stupid, Obama is STUPID ON STEROIDS!!!! He took all of Bush's bad ideas, and rejects, and jumped into them ignoring all the warnings and advice not to.

What is so hard to understand is why you support and excuse Obama?

Eddie

Some people would still vote for OB. reguardless, I thought someone would really have to answer for the Solyndra caper, as it was FRAUD on gigantic scale...Millions for equipment that was never un-wrapped and surplus money????Disappeared from the STATES???

 

[jonyyuma]

BTW, I did go look at and shop the VOLT...NO way am I going to buy that tiny EXPERIMENTAL Pimped out compact. Then only have it go 300 miles before a rest??? GM is light-years behind Toyota Prius...and a couple of others on Electronics that work?

 

[Diamondpilot]

I believe your information is way out of date and in error. GM paid off the cash loan, the government has remaining stock options and has not sold them because its making some cash on the deal because of the gm profit. When the stock regains a designated value, it's to be sold for a profit. The stock returns are easier to mingle with other budget slush funds and make disappear into favorite pork projects.

This is ridiculous. GM paid off its loans buy selling useless stock to the us, the US government. Why anyone, including the US government would buy stock from a company that had a "old" stock that is worth nothing is beyond belief. :confused2:

Its Obama omics 101. Take money from one kitty and put it in another. In reality we loaned them the money, mistake #1, then paid off the loan by buying worthless stock, mistake #2. Mistake #3 is still in the works when we bail out GM again in the next 10 or so years when they fail again.

I hope GM does well and recovers while paying off the full debt owed to us, the US government but I will not be a part of it. I will walk to **** before my family or I buy any GM product.

Chris

 

[Diamondpilot]

If it wasn't so sad, this would be funny. GM paid off the loan with TARP money. They didn't go out and make a profit, then use that money to pay off the loan. They just got more money from the government to pay off the loan. It's just like getting a credit card, maxing it out, then getting another credit card to pay off the first one and saying that you paid off that credit card debt. While true, it's also very misleading.

How did GM pay off its bailout loans? Hot Air

As for the stock and it's value, why are the US citizens gambling with public money on a private company? Nowhere is the role of government to buy stocks and support favorite companies with the hope that they might some day make a profit and we might break even. If your stock broker did this, you would fire him for being stupid. Yet you defend Obama for doing this. Why?

You are right in that I've never driven a Volt. I've never driven a thousand differnet cars out there. I don't care about the Volt as a vehicle one way or another. What I do care about is that tax payer money is being used to force a vehicle on us that time and time again has been proven a failure. If and when the time comes for the Volt, then let the market decide. If you want one, then I'm all for you going out and buying one. I don't want to pay for it, and I don't want a single penny of my taxes going towards your buying it, especially when our national dept is at 15 trillion dollars.

If it is a good car, then people will buy it and they will make a profit on it. Have you heard of the Prius? Why can Toyota make a car that people buy and Toyota can make a profit on, but GM needs tax dollars to make a car that nobody wants to buy? What part of this makes sense to you?

While I respect your support for Obama and wanting to believe what he says, what I can't comprehend is that you don't see what he actually does.

Eddie

Very well said Eddie. Some will never see though the smoke screen.

Chris

 

[deezler]

BTW, I did go look at and shop the VOLT...NO way am I going to buy that tiny EXPERIMENTAL Pimped out compact. Then only have it go 300 miles before a rest??? GM is light-years behind Toyota Prius...and a couple of others on Electronics that work?

Dude, if you actually shopped for the Volt, then you wouldn't make such a blatantly ridiculous statement. After 300 miles... YOU CAN JUST PUT MORE FUEL IN AND GO! You know, like any other car. You clearly never had any intention of buying a volt, or you wouldn't be completely off base in understanding how the technology even works.

It is also definitely not tiny. Plenty of rear leg room, plenty of cargo room in the rear. Its a pretty reasonably sized, nicely outfitted car.

I drove a Volt. It felt nice inside, was torque-y and quick off the line, and for someone who commutes less than 50 miles a day (you know, like 90% of Americans), it will save you a BUNCH on fuel costs over the vehicle life-time.

Now, would I buy one? No way. My diesel VW gets 50 mpg without even trying, can run on 100% biodiesel, and blow the doors of any hybrid under $30k. The EPA and CARB's assault against practical diesel vehicles is a true shame. Sorry, off topic rant.

No surprise that the Volt is not selling well against an American public that has been conditioned by Rush Limbaugh and Fox News to hate it before they ever understood it. And frankly, it's just wayyy too expensive.

But I don't necessarily understand the vitriol about it being a crime against American tax payers. Yes, we bailed out GM. Proper thing to do in our system of capitalism? Debatable. But it definitely saved LOT of jobs and helped keep our economy out of the toilet. Can't we move on now that it is largely re-paid? The amount of outstanding debt or losses with GM pale in comparison to annual subsidies for big oil, foreign nation building, completely unnecessary and unwarranted wars, etc.... Just let GM fail with the Volt on their own now, and stop feeling so put upon. It's really not your problem, Joe the plumber.

 

[mjw357]

What really made me mad at GM was how they never said the Volt wa going to have such limited range on elect. and still need a gas motor to really go anywhere. They hyped it as a totally elect car but then had to come clean at the last minute before it was introduced.

Yup. Do you remember the TV ad where the guy drives his volt to the gas station to get a soda or whatever, and everyone keeps asking 'hey, I thought this was an electric car? what are you doin' at a gas station?' They played that like 'oh yeah, it'll go all day on electric, it just sips gas sometimes'.

How about, 'actually, it's just another gas compact, that can also go around the block a few times on the batteries. Gotta keep gas in it!'

I don't understand the concept of this vehicle. At all. Why put all that extra gear (batteries, electric motor etc) and not give the vehicle the capability to recharge itself while running on the gas motor? We should buy it 'cuz it looks cool, it's got a hip name (Volt!) and you can plug it in?