Posts Tagged ‘Obama Volt’
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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Even though not plugged in, fire reignites in Obama Volt . . . five days after first fire burned down Volt owner’s garage
Perhaps this could be the title of Ralph Nader’s next book: “Unsafe Even While Parked and Unplugged”
HARTFORD COURANT: A fire apparently reignited inside the battery of a new Chevrolet
Volt car early Monday, less than five days after the Volt, an electric hybrid, was involved in a blaze that destroyed a Barkhamsted garage where it had been plugged in for recharging.
Local authorities have been investigating whether Thursday’s blaze was sparked by the Volt, but had not yet determined a cause when the fire rekindled.
“The rekindle this morning really adds to the mystery,” Barkhamsted Fire Marshal Bill Baldwin said today.
Representatives from General Motors, the vehicle’s manufacturer plan, are scheduled to arrive in Barkhamsted this evening to examine the car, Baldwin said.
The hybrid electric car was not plugged in this morning when the fire rekindled, Baldwin said.
The first fire, which occurred last Thursday about 5 a.m., destroyed the attached garage, the Chevrolet Volt and a Suzuki vehicle that had been converted so that it too ran on electricity. The homeowners had apparently plugged both vehicles in for recharging when Thursday’s fire broke out.
Govt Motors stock down 30 percent since January
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 three months.
It closed today at $29.97. 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.
Stay tuned for more reports as the hilarity continues.
