After a year that can only be described as “stupid,” the Chevy Volt is gearing up to make 2013 even stupider still.
I know, I know.
You find it hard to believe that a mostly-owned subsidiary of the United States government and the Obama administration- like GM is- could get any stupider than say Fannie Mae, or Federal Reserve Bank.
Yes, that’s tough competition, but in the “idiocy” category GM seems to be the ruling champion.
Not only have they lost substantial amounts of taxpayer dollars, they have managed to do it while generating record profits even though they still have an unfunded pension liability of over $100 billion. The pension liability is more than twice as large as the company’s current valuation on the stock market.
GM has now all but admitted that in it’s current iteration, the Chevy Volt- the car on which the company says it pinned all its hopes and dreams- is dead.
That could be a sign of progress, but alas, no.
Because as a result they have introduced a Cadillac version of the Volt power plant just to make the stupidity a bit pricier.
As of now it’s unclear if spontaneous engine compartment fires will be included in the Cadillac luxury version just as they were in the original Chevy Volt or if rich liberals will have to pay more for that option.
What is clear is sales are struggling, with the Volt reaching only 38 percent of its sales goal for 2012, despite incentives that make the Volt a loss leader amongst “green cars.” And if you thought sales were bad in the USA, they were even worse in Europe and Asia.
According to Greencarreports.com, “[j]ust 1,336 Volts found buyers outside the States during the portions of the year the car was on sale--against 23,461 in the U.S. Of those, 1,225 of them were sold in Canada. China and Europe together accounted for only 111 Volts.”
Remember: This was the European car journalists’ “Car of the Year” for 2012, which just goes to show you that Europeans feel about the same regarding their journalists and the Chevy Volt as Americans do about their journalists and the Chevy Volt.
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for January 28th 2014 | John Ransom
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for January 26th, 2014 | John Ransom