SCAM: Obama pays GM dealerships $7,500 for each Obama Volt they take
GM dealerships are buying Chevy Volts, reselling them as used cars and then taking $7,500 tax credit.
A tax credit is the government writing you a check.
Obama Volt sales have averaged a dismal425 per month for the first four months of 2011 — even though GM has the capacity to build 17,000 Volts per year and even though the government (that is, the taxpayer) is paying you $7,500 to buy the Volt.
That’s how awful this car is. This is crony capitalism at its worst.
Government Motors Stock Down 22% Since Post-Bailout Public Stock Offering
After much fanfare over its public stock offering last fall and a peak in January of $39.48 per share, General Motors stock has been in a tailspin downward for the last five months months. It closed today at $31.84. Ouch!
President Obama calls the GM bailout one of the big successes of his Presidency.
GM hasn’t been helped with reports of shoddy workmanship from it’s labor union workforce.
For example . . .
Steering wheel falls off Chevy Cruze. Worse than the Yugo?
WALL STREET JOURNAL: Imagine turning your car’s steering wheel, or giving it a
gentle tug, and having it break away from the steering column. Now you’re speeding along holding the suddenly useless wheel.
It sounds like a vision from a cartoon, or every driver’s nightmare. And it happened to at least one driver of a 2011 Chevrolet Cruze compact car last month, and General Motors Corp. is recalling 2,100 of the cars as a result.
While the recall affects a relatively small number of vehicles, it is an unpleasant development for Chevrolet, which has been riding high on the success of its new small car. Chevrolet sold 50,205 Cruzes through the end of March. That’s well short of the 76,821 units Toyota sold of the Cruze’s main rival, the Corolla, but it is ahead of the 37,379 Cobalts Chevy sold in the same period. The Cruze replaced the Cobalt and is supposed to be a departure from that uninspired model.
Here’s the Video
Meanwhile, almost no one wants the electric-powered Obama Volt because it’s very expensive and only has a range of 40 miles per charge. Plus an enormous battery takes up much of the back seat.
Here was my assessment of the “Obama Volt” last summer
Looks like my predictions about the Obama Volt last summer have proven correct.
Reminds me of those old Soviet car factories that produced all those cars they couldn’t sell, or the hilarious Communist-built Yugo.
No doubt, ObamaCare will work something like that. You’ll go into the hospital to get your tonsils removed and come out of surgery missing a leg.
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2 Responses to “SCAM: Obama pays GM dealerships $7,500 for each Obama Volt they take”
BHO DOESN’T CARE! HE LIVES HIGH OFF THE HOG AS POTUS! HE HAS ENOUGH “FREQUENT FLYER” MILES SAVED 2 SEND THE QUEEN OF FOOD ON A TRIP 2 AFRICA (2 visit BHO’s PLACE OF BIRTH, WHERE THE MANGER IS STILL ON DISPLAY)!
[...] mandates (Golden Handcuffs). I doubt GM really wants to waste time and money making the dismal Obama Volt (which has a range of 40 miles per battery [...]