It has now been one year since General Motors (GM) first delivered the Chevy Volt to market. And what a year it’s been.
The Volt makes GM literally no money – it costs $41,000 to make, and sells for $41,000.
And they are selling far fewer than GM’s announced expectations.
And GM and the Barack Obama Administration knew about the fires since (at least) June – and said nothing until November.
Less Government President Seton Motley:
“Happy First Birthday to the non-profit, flammable, rolling disaster that is the Chevy Volt. One year of disappointing, unprofitable sales, fires, fire-induced buybacks - and fire cover-ups.
“What’s a few Volt flame-outs – and a danger-suppressing cover-up – when you’re trying to fundamentally transform America?
“The Chevy Volt is yet another failure-based, Crony Socialist, Leftist ideological General Motors decision. Of the sort we expected when President Barack Obama upped the GM bailout to $50 billion. On these myriad bad ideas, GM has delivered.
“So let’s celebrate the Chevy Volt’s first birthday. We’ll get a giant cake – and we know what we can use as a candle.”
We the taxpayers own more than 500,000 shares of GM stock, on which we are poised to lose more than $16 billion. Less Government tracks the looming loss – and offers the solution for how we can extricate ourselves from GM – at www.BailoutCost.com.