... but they make it up in volume - W.C. Varones

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9.10.2012

... but they make it up in volume

5 comments:

Negocios Loucos said...

WINNING!

Arrest Casey Serin said...

ReVOLTing!!

Anonymous said...

I thought a financial whiz like you would recognize that you don't allocate the $1B development costs over just the first 20,000 vehicles. Spread it out over the lifetime of the Volt plus whatever other vehicles GM spawns based on technology developed for Volt, and you've got something.

The fact that you repeat this canard without comment makes me wonder about your financial acumen.

W.C. Varones said...

Obviously.

But it made for a fun headline, and it provided another opportunity to discuss the Obama regime's political allocation of capital.

Obama has blown far more money on corrupt, crony capitalist deals like Solyndra than the $1 billion in the Reuters GM story.

And, in fact, while GM's cap ex per car will be much less if they sell a lot more cars, that figure excludes the billions in taxpayer subsidies. The Volt is a huge loser, and pushing the losses onto the taxpayers doesn't change that.

W.C. Varones said...

Even the liberal Washington Post agrees that the Volt is an epic fail for Government Motors.

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