News out of the USA today below.. shows the problems Holden is about to face with its much Heralded release of the "electric car" at over $60,000 in real costs +++ .... VERY BAD TIMING.. HORRID.. remember .. Electricity is Bad..... according to our Greens and carbon emitting skeptics.. They can't sell the things in enough quanitity in the US to make a go of it.. and they have CHEAP POWER........ not being screwed like we are...
.. and just on a side note.. can you imagine what would happen if we all started driving 50mpg cars.. would fuel prices go up.. or down.. or the governments tax hike.. would it stay them same....??
Industrial Policy: Reuters reports that General Motors "is still losing as much as $49,000 on each Volt it builds."
GM Should Shut Down Volt Production Until Car Makes A ProfitThis is no shocker, but it should be an alarm to voters who think this president deserves another term.
A little more than two weeks ago, the Obama administration released rules mandating a near-doubling of gas mileage standards for cars sold in the U.S. The mandate will not be met at no expense.
The industry can't magically build fleets that average 54.5 miles per gallon by 2025 without steep cost increases just because politicians and bureaucrats demand that it does.
If automakers are to comply with the more restrictive rules, they will have no choice but to build more electric cars, such as the Chevrolet Volt, a plug-in hybrid that gets 60 miles a gallon.
While that might satisfy the environmentalist lobby and most Democrats, it isn't practical.
If GM is losing nearly $50,000 on each Volt it makes, how much will all the carmakers be required to lose when Volt-like cars have to be the main models in their fleets in order to obey strict, new mileage standards?
Or, more appropriately, how much will taxpayers be forced to lose to subsidize the administration's unwise but politically correct fuel economy rules?
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