Auto Task Force Study Shows The Volt Alone Can Not Save GM

Auto Task Force Study Shows The Volt Alone Can Not Save GM

The Chevrolet Volt will not save General Motors Corp., the U.S. government said Monday in its Viability Summary of GM.

"While the Volt holds promise, it will likely be too expensive to be commercially successful in the short-term," the report said.

The electric car "is currently projected to be much more expensive than its gasoline-fueled peers and will likely need substantial reductions in manufacturing cost in order to become commercially viable."

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DexDiamondsDexDiamonds - 3/31/2009 10:19:11 AM
+4 Boost
I thought we knew this already? I guess that makes it official.


2ndbimmer2ndbimmer - 3/31/2009 10:50:34 AM
+5 Boost
No single vehicle can save an entire company that is so large as GM. They have to come out with a full line up of vehicles that are in demand to save the company.


MrBratwurstMrBratwurst - 3/31/2009 11:33:11 AM
+2 Boost
How did they come to this??


PlanBPlanB - 3/31/2009 11:57:36 AM
+1 Boost
I think this was expected anyway. The car will be $40k, not everybody has that kind of money for a car. But as the technology gets older and more refined it will get cheaper. But will GM still be around by the time that happens?


veyron1001veyron1001 - 3/31/2009 9:40:38 PM
+2 Boost
Well yea. All you hear about is the cadillac CXPV-HU and the Volt. GM needs to go to a different country or go bankrupt.


dumpstydumpsty - 3/31/2009 5:16:32 PM
+3 Boost
Umm....duh!!!

GM has known that the Volt, in it's 1st and 2nd gen years, would lose money per unit sold. But that's the price of showing the world that they are capable of producing anything like it and doing it well.

Toyota lost thousands on each Prius sold when they 1st started selling them, but I'm sure, they aren't loosing much for each Prius they sell today. Progress takes time. The financial decline was unfortunate for GM's plan to further compete in changing market demand for certain types of vehicles. OK...they continued to bet on full-size trucks & SUVs which wasn't very smart, but they began to rethink their strategy for mid-size and small cars.

As GM faces down Chapt 11, to bank on a money-loosing vehicle is silly and probably really wasn't the plan. The Volt is around just to say they can make a highly fuel-efficient car today. But you never know, consumers may come in to buy a Volt, and upon learning about the "extra" expenses to owning one (220V home outlet installation for example), may consider purchasing another small car instead.

The Auto Task Force's research only shows the obvious. And small or med sized business owner could have reach their same conclusions.


doctorproctordoctorproctor - 3/31/2009 5:50:55 PM
+1 Boost
No surprise here...I knew that as soon as I looked at the thing! Besides looking more like an appliance than a car it just won't be very feasible or very cost efficient for the public at large. During a recent documentary on national tv with GM management they admitted during the interview that the whole thing hinges on the viability of the battery and that is why it hasn't reached production yet. They haven't been able to develop a battery that will provide the driving distance and durability most people would require. I think it's too little too late.


veyron1001veyron1001 - 3/31/2009 9:43:23 PM
+2 Boost
Based on what you described that goes for every GM, Ford and Chrysler you see on the streets. All the cars are the same and so is the trucks and suvs within their makes. The failing 3 are more bland than toyota.


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