Plug-In Cars Don’t Resell – Because They Don’t Sell – Tea Party Nation

 

 

Plug-In Cars Don’t Resell – Because They Don’t Sell – Tea Party Nation.

 

 

 

Posted by Seton Motley

 

 

 

When the new plug-in sales share of the total market is only a pathetic 0.65%, this is hardly shocking:

 

 

 

Chevy Volt and Nissan Leaf Prove Tough Resells – Used EV Market Les…

Fuel-frugality aside, it seems the 2013 Chevy Volt and 2012 Nissan Leaf are proving to be expensive long-term investments.

One of the main questions every new car buyer should always ask themselves is what is the depreciation of the vehicle and therefore its potential resale value?  Recent reports have suggested that electric cars don’t hold their value quite as well as their regular counterparts.

 

Of course all new cars lose roughly 20% of their value the moment they roll off the lot.  But there are a lot of used plug-in-specific problems.

 

 

 

You don’t get the $7,500 federal bribe on the used ones.

 

 

 

The very-much-higher up-front retail price is rarely if ever made up in fuel savings over the life of the vehicle.

 

 

 

Americans Won’t Pay $40,000 for a $17,000 Car

The $40,000 Volt is basically a $17,000 Cruze – with a 500 lb., 25-mile range, eight-hour-to-charge battery.

 

Speaking of the batteries:

 

 

 

(T)he vaunted Volt batteries are then (in used cars) closer to extinction….And how much does it cost to replace a plug-in battery?  General Motors (GM) their own selves say the Volt’s is in the $8,000-$9,500 range.

And in case they’re fibbing (as post-bailout GM is wont to do):

Ford CEO: Battery Is Third of Electric Car Cost

Ford Motor Co. Chief Executive Alan Mulally indicated battery packs for the company’s Focus electric car costs between $12,000 and $15,000 apiece.

 

 

 

English: 2011 Chevrolet Volt exhibited at the ...

 

Plug-in cars are pathetic re-sells – because they are pathetic sells.

 

 

 

Good thing we’ve dumped more than $6.5 billion-in-government-subsidies-just-since-2008 into the plug-in car fantasy.

 

 

 

It’s working like a charm.

 

 

 

Breaking News: People Like the Government Giving Them Other People’s Money – Tea Party Nation

Breaking News: People Like the Government Giving Them Other People’s Money – Tea Party Nation.

Posted by Seton Motley

Note: This first appeared in NewsBusters.org.

 

To paraphrase the estimable Yogi Berra – it’s like deja vu all over, and over, and over, and over again.

 The Jurassic Press media is enraptured with a certain story.

Chevrolet Volt tops Consumer Reports Owner-Satisfaction Survey for …

 Chevy Volt tops Owner-Satisfaction Survey

 Chevy Volt tops Consumer Reports annual owner satisfaction survey

 Everywhere you turn, there is an incessantly recurring Media theme.

 Chevy Volt Tops Consumer Reports Survey, Again

 Survey Finds Chevy Volt Best for Owner Satisfaction 2 Years in a Row

 Chevy Volt tops Consumer Reports most-loved car survey again

 It seems the Chevrolet Volt has for the second year in a row topped a Consumer Reports satisfaction survey.

 Chevy Volt again tops Consumer Reports Owner-Satisfaction Survey

Chevy Volt Wins Again Consumer Reports’ Ranking

 Chevy Volt tops most-loved car survey again

 And the Press can’t get enough of issuing General Motors (GM) press releases.

Survey Finds Chevy Volt Best for Owner Satisfaction 2 Years in a Row

 Chevy Volt named most satisfying car in Consumer Reports survey

 Chevy Volt owners are most satisfied, says Consumer Reports

 You may also have seen this incessantly run Chevy Volt television advertisement featuring “satisfied” Volt owners.

 “I go to the gas station such a small amount that I forget how to put gas in my car.”

 Left out of all of these “news” items – and the ad – is the gi-normous Chevy Volt government money back story.

 A story which sounds a lot like the Obama Phone.  Or Obama Bucks.

 Or liking President Barack Obama “because he gives me stuff.”  Or because (you think) “I won’t have to worry about putting gas in my car. I won’t have to ….”

 Here’s a shocking news flash: People like government klepto-conduits giving them Other People’s Money.

 And the Chevy Volt is a rolling, multi-billion dollar Obama Bucks-mobile.

 There’s the more-than-$3 billion-in-federal-government-subsidies-alone spent thus far on the Volt.

 And the $7,500 federal bribe – I mean incentive check – given to each Chevy Volt buyer.  Which President Obama – in his last unanimously rejected budget – wanted to up to $10,000.

 And the purchase bribes several states are kicking in.

 Behold another bribe: The Volt costs GM $89,000 to manufacture – but they charge all these happy handout recipients only $40,000.  And that’s before the $7,500 federal payola – and the various state palm greasers.

 And GM is cutting even more, more absurd deals.

GM Counts $159 Leases for an $89,000 Car

 Speaking of the manufacturer: There is perhaps no bigger government money handout recipient than GM.  They received $50+ billion of We the Taxpayers’ money – in the $83 billion auto bailout.  A bailout on which we are losing more than $42 billion.

 And GM has since become:

Another Crony Socialist Welfare Office

$26.5 billion of the ($42+ billion auto bailout) loss was a straight payoff to the…United Auto Workers (UAW) union….

 President Obama illegally carried forward through the bankruptcy the ridiculously exorbitant UAW contracts….

 During the bankruptcy process, President Obama illegally paid off the UAW first and in full….

 90+% of GM auto loans are now of the Freddie Mac-Fannie Mae-esque subprime variety – made to people whom GM and everyone else know can’t pay them back.

 GM in 2010 launched a venture capital division which is investing in fabulously successful things like…solar panel companies.

 (N)o company registered more (non-)green (non-)energy patents in 2010 than GM.

 80% of (Department of Energy) green energy loans went to Obama donors….

 I would imagine all of these folks are “satisfied” too.

 Other People’s Money – conscripted by government and given to you – is sadly all too satisfying for far too many Americans these days.

 

Another Electric Car Causes Fire – Tea Party Nation

Another Electric Car Causes Fire – Tea Party Nation.

Posted by Seton Motley

Note: This first appeared in Breitbart.com’s Big Government.


The Chevy Volt fire denials are getting harder and harder to maintain:

Last week, a fire badly damaged the home of a new Fisker Karma owner, and authorities are saying that the electric car was the source of the blaze.

According to Fort Bend County, Texas, chief fire investigator Robert Baker, the Fisker Karma started the fire that spread to the house.

“Yes, the Karma was the origin of the fire, but what exactly caused that we don’t know at this time,” he said. The car was a complete loss.

Oops.

According to the report, the Karma car, which was not plugged in, caught fire less than three minutes after being driven into the garage and that the battery remains intact.

General Motors (GM) and the Barack Obama Administration have been all along ignoring at least five Chevy Volt fires, and blaming the one to which they would cop on a total-loss accident that caused severe damage to the Volt’s lithium-ion battery.

This Karma lithium-ion battery was not in a crash, and “remain(ed) intact” after the fire.  So much for the GM-Obama Volt “fix.” Read more of this post

GM Electric Car Battery Explodes, Again Raising Chevy Volt Questions – Tea Party Nation

GM Electric Car Battery Explodes, Again Raising Chevy Volt Questions – Tea Party Nation.

Editor’s Note: This first appeared on PJ Tatler.


On Wednesday, a General Motors (GM) lithium-ion battery exploded and caused a fire at a research facility near its Detroit headquarters.  Most unfortunately, two people were taken to the hospital – one faces life-threatening injuries.

Lithium-ion batteries like this one are used by GM in the Chevy Volt.  Making this just the latest in a long line of Volt fire problems.

“The headlines are not positive for lithium-ion and General Motors,” Dennis Virag, president of Automotive Consulting Group in Ann Arbor, Michigan, said in a telephone interview. “It does bring up the subject of the dangers associated with batteries.”

Indeed it does.  Let us review these Volt dangers, shall we?

The Chevy Volt entered the market in December 2010.  There were in 2011 (at least) six Volt fires.  GM and the Barack Obama Administration acknowledged only one – a battery fire after a test crash.

And only after squelching word of that fire for six months, announcing it only when Bloomberg News was about to break the story.

The Obama Administration was in full GM damage control mode.  Obama’s National Highway Traffic Safety Administration (NHTSA) reviewed the one fire and – shocker – declared GM and the Volt good to go.

But what about the other fires?

NHTSA themselves had two other test fires.In April, 2011 a Volt burst into flames.  Twice.

A $800,000 garage fire in Mooresville, North Carolina led the local power company to warn its customers to stop using the Volt charging stations until they knew they were safe.

And there were throughout 2011 multiple overheating Volt power cords, reaching temperatures upwards of 158* Fahrenheit and causing second degree burns.  Fire hazards – waiting to happen.

GM and the Obama Administration were aware of all of these incidents.  Yet NHTSA investigated none of them.

—–

And because GM and the Obama Administration repeatedly kicked this dangerous, flaming can down the road, GM has spent most of 2012 in full-on Volt repair mode.

In January, GM “called back” every single Volt ever sold in the U.S., to fix the allegedly already “fixed” battery.

This is a customer satisfaction program, which is voluntary, that we’re choosing to do,” explained the automaker’s Mary Barra during a conference call Thursday morning.

But that didn’t fix the problem either.  So in March Chevrolet announced they were replacing the power cords for nearly every single Volt ever sold in the U.S.

GM spokesman Randal Fox told Reuters …”It’s just an effort to offer a more consistent charging experience. It’s not a safety recall. It’s more of a customer-satisfaction program,” Fox said.

“Customer satisfaction program” must be the GM equivalent of President Obama’s “Let me be clear.”  Only more perilous.

—–

General Motors and the Obama Administration have spent the entire life of the Chevy Volt minimizing and obfuscating a hazardous Chevy Volt fire problem.

We still don’t know what that problem is.

What we do know is that two people were just grievously injured by a Volt-style battery explosion.


And that GM is still selling the Chevy Volt.

Congratulations to General Motors: Worst Car Stock of 2011; Chevy Volt a ‘Worst Product Flop of 2011′ Winner – Tea Party Nation

 

English: General Motors EV1 electric car

Image via Wikipedia

Congratulations to General Motors: Worst Car Stock of 2011; Chevy Volt a ‘Worst Product Flop of 2011′ Winner – Tea Party Nation.

Posted by Seton Motley on January 6, 2012

General Motors stock (NYSE: GM) finished 2011 down 46.1% – the absolute worst car or car-related product stock on the board.  Besting (so to speak) the second worst by 4.5%.

And GM’s unprofitableunpopularcombustible electric Chevy Volt was a ‘Worst Product Flop of 2011’ winner.  Oh, and GM is moving electric vehicle development (and production?) to China – which sort of undermines the jobs “created or saved” reason for the $50 billion GM bailout.

All of which is even more terrible GM news for We the Taxpayers.

Per the titanic GM stock price drop-off: As a result of President Barack Obama’s $30 billion in additional bailout coin, we own more than 500 million shares of GM stock.  To break even on our “investment,” these shares must be sold at $53 per.  GM closed yesterday at $21.15.  Which if sold today would mean for us about a $16 billion loss – just on the stock portion of the GM bailout (we’ve suffered additional huge losses on other portions thereof).

Less Government tracks the looming stock loss – and offers the solution for how we can extricate ourselves from GM – at www.BailoutCost.com.

Less Government President Seton Motley:

“From the moment the bailouts began – and General Motors became Government Motors – we have seen GM stack failure upon failure.

“There’s the unprofitableunpopularcombustible electric Chevy Volt – a ‘Worst Product Flop of 2011’ winner. That costs We the Taxpayers $250,000 per unit sold. GM sold in 2011  25% fewer Volts than they had planned – but is in 2012 bizarrely increasing production by 500%.  And despite all of this failure – including the inability to determine what is causing Volts to burst into flames – GM will next year begin producing an electric Cadillac and an electric Cruze.

“GM in 2010 received more clean (non-energy) energy patents than any other entity – of the Solyndra,TeslaFisker, uber-failure variety.

And onand onand….

“And GM and its Obama Administration-Democrat backers ludicrously tell We the Shareholders that all of this failure is a ‘success.’

“Well, GM was last year the worst car stock of all – and the Chevy Volt was an award-winning flop.  So the market ain’t buying it.  And neither are We the People.”