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UPDATE: Chevy Volt Makes NO Money, Costs Taxpayers Hundreds of Thousands of Dollars Per Car...

 
Anonymous Coward
User ID: 1259691
United States
07/18/2012 12:22 AM
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UPDATE: Chevy Volt Makes NO Money, Costs Taxpayers Hundreds of Thousands of Dollars Per Car...
No wonder Obama says business owners don't make it on their own. He was thinking of his favorite company: GM.

"(A)dd $240 million in Energy Department grants doled out to G.M. last summer, $150 million in federal money to the Volt’s Korean battery supplier, up to $1.5 billion in tax breaks for purchasers and other consumer incentives, and some significant portion of the $14 billion loan G.M. got in 2008 for “retooling” its plants, and you’ve got some idea of how much taxpayer cash is built into every Volt.

"Speaking of those “tax breaks for purchasers and other consumer incentives” - as of November of last year that tally all by itself was $250,000 per Volt sold."




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Anonymous Coward
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07/18/2012 12:49 AM
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Re: UPDATE: Chevy Volt Makes NO Money, Costs Taxpayers Hundreds of Thousands of Dollars Per Car...
More cars to roll off barges into the middle of the ocean...
Anonymous Coward
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07/18/2012 12:59 AM
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Re: UPDATE: Chevy Volt Makes NO Money, Costs Taxpayers Hundreds of Thousands of Dollars Per Car...
Was the internet profitable right away? Or did it take years of government investment?

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