Volt Fraud At Government Motors

[t1]

Last Updated: February 28. 2011 5:22PM
Consumer Reports: GM's Volt 'doesn't really make a lot of sense'
David Shepardson / Detroit News Washington Bureau

Washington — Consumer Reports offered a harsh initial review of the Chevrolet Volt, questioning whether General Motors Co.'s flagship vehicle makes economic "sense."The extended-range plug-in electric vehicle is on the cover of the April issue — the influential magazine's annual survey of vehicles — but the GM vehicle comes in for criticism.

"When you are looking at purely dollars and cents, it doesn't really make a lot of sense. The Volt isn't particularly efficient as an electric vehicle and it's not particularly good as a gas vehicle either in terms of fuel economy," said David Champion, the senior director of Consumer Reports auto testing center at a meeting with reporters here. "This is going to be a tough sell to the average consumer."

The magazine said in its testing in Connecticut during a harsh winter, its Volt is getting 25 to 27 miles on electric power alone.

From The Detroit News: http://detnews.com/article/20110228/...#ixzz1FMgJLHer

[Vendetta]

total shocker.

[WTXJ]

http://green.autoblog.com/2011/03/01...ssan-67-leafs/


Big sales in the US

[t1]

281 Volt cars sold last month...lol. Each with a taxpayer-funded $7,500 subsidy.

[t1]

Chevy Volt: Still Not Selling
8:08 AM, Aug 3, 2011 • By JONATHAN V. LAST

The July sales numbers are out and the Chevy Volt continues to electrify (get it?) the country. GM sold … 125 Volts last month!

http://www.weeklystandard.com/blogs/...ng_581956.html

[cosmic mariner]

.
Close the SUV Tax-Break Loophole
Pub Date: Feb 28, 2003

...It works as follows: First take a full deduction for $25,000 of the purchase price for making an investment in equipment. Next deduct 30 percent of the remaining cost as part of the March 2002 economic stimulus package. Finally, top it off with 20 percent of the remaining price for the standard 5-year depreciation. When you add all three together, it means that a $36,260 tax deduction can be taken just for purchasing a $50,000 Hummer H2. The President's [Bush] proposed economic stimulus package will raise the small business expensing deduction for investing in equipment from $25,000 to $75,000. If passed, the purchase of just about every super-sized luxury SUV on the market will be fully deductible in the first year. At a time when the administration is touting the need to decrease our dependence on foreign oil, it hasn't gone unnoticed that this tax policy encourages the purchase of bigger gas-hogs...At a cost of a billion dollars a year, this loophole needs to be closed immediately.


July auto sales tick up, but consumer doubts persist
Fears about jobs, recovery could force automakers to offer generous incentives

...Analysts said higher pricing by many automakers backfired at a time of penny-pinching consumers.

[WTXJ]

Chevy Volt: Still Not Selling
8:08 AM, Aug 3, 2011 • By JONATHAN V. LAST

The July sales numbers are out and the Chevy Volt continues to electrify (get it?) the country. GM sold … 125 Volts last month!




http://www.weeklystandard.com/blogs/...ng_581956.html

WOW, what numbers how is the pace going to be kept up.

Oh yes the feds will help along with GE.

[Vendetta]

.
Close the SUV Tax-Break Loophole
Pub Date: Feb 28, 2003

...It works as follows: First take a full deduction for $25,000 of the purchase price for making an investment in equipment. Next deduct 30 percent of the remaining cost as part of the March 2002 economic stimulus package. Finally, top it off with 20 percent of the remaining price for the standard 5-year depreciation. When you add all three together, it means that a $36,260 tax deduction can be taken just for purchasing a $50,000 Hummer H2. The President's [Bush] proposed economic stimulus package will raise the small business expensing deduction for investing in equipment from $25,000 to $75,000. If passed, the purchase of just about every super-sized luxury SUV on the market will be fully deductible in the first year. At a time when the administration is touting the need to decrease our dependence on foreign oil, it hasn't gone unnoticed that this tax policy encourages the purchase of bigger gas-hogs...At a cost of a billion dollars a year, this loophole needs to be closed immediately.


July auto sales tick up, but consumer doubts persist
Fears about jobs, recovery could force automakers to offer generous incentives

...Analysts said higher pricing by many automakers backfired at a time of penny-pinching consumers.

Can you clarify why you posted this?
Are you claiming THIS is the reason chevy volts arn't selling?

[t1]

I thought the SUV deduction expired a long time ago, hence the disappearance of the Hummer.

[cosmic mariner]

I thought the SUV deduction expired a long time ago, hence the disappearance of the Hummer.

I don't know if a remnant of the original provision is still in place. To me, a $7500 tax credit promoting electric vehicles which are charged with domestically produced electricity makes much more sense than more wildly promoting gas hogs with our foreign oil addiction which costs us $300 billion/year. I don't recall Rush Limbaugh or other conservatiods lambasting the SUV tax break. Did you have a position on it?

Hummer tax break gets hammered

...That blatant abuse of the intent of the tax code didn't sit well with the Taxpayers for Common Sense, the watchdog organization that first cried foul on the high-styling urban cowboys. The tax group estimated that the so-called SUV tax break cost taxpayers between $840 million and $987 million for every 1,000 vehicles sold. Worse, it was robbing the poor to feed the rich.

[t1]

Did you have a position on it?

Yeah, I don't support either one of them.

[Vendetta]

I thought the SUV deduction expired a long time ago, hence the disappearance of the Hummer.

from what i've read, It's for businesses & vehicles 6,000lbs or more.
Yes, like all tax codes, they can be abused. But....

I seriously doubt someone who buys a 6,000lbs SUV was swayed to make that purchase based on a tax deduction.
Therefore I'd like someone to point out what it has to do with the Volt sucking hard & nobody wanting to buy it.

It's listed under section 179 if anyone cares to google it.

[t1]

Insight: GM's Volt - The ugly math of low sales, high costs
By Bernie Woodall and Paul Lienert and Ben Klayman
Mon Sep 10, 2012 12:24am EDT

(Reuters) - General Motors Co sold a record number of Chevrolet Volt sedans in August — but that probably isn't a good thing for the automaker's bottom line.

Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.

http://www.reuters.com/article/2012/...88904J20120910

Quit making them.

[dngnb8]

.



While I am not happy about GM's shell game, at low normal speeds for the first 40 miles of driving, the Volt gets unlimited MPGs because it is using electricity only. And I'm sure grandmas everywhere would allow the kids/grandkids to plug in the Volt every night, in which case the Volt would travel more--perhaps much, much more-- than 100 miles for each gallon of gasoline used on the trip. For the record, I prefer the 100% battery electric Nissan LEAF.
.

I would so love an alternative fuel source. Really, I would. But what we have so far has been so ineptly instituted, that I wonder if it is possible.

Seriously, I think your support of Green is admirable, but I also think your support is blinded by any green is good green, and I just dont subscribe to that notion, and I would venture to guess, the general public doesnt either.