Advertisements
Home

Chrysler CEO Begs Customers to Avoid Electric Cars

Leave a comment

This is from Town Hall Finance.

Just like the Chevy Volt the Fiat 500e is a greenine weenie piped dream.

The pipe dream that the taxpayers are helping  pay for so we cab save the environment.

Will the Fiat 500e burst into flames like the Chevy Volt?

 

 

The CEO for Fiat Chrysler (remember how an Italian company helped save Detroit?) is begging Americans to kill more polar bears, pollute the air, and continue to melt the polar ice caps… Or something. There’s also an outside chance that he’s just being a responsible CEO by trying to keep his company out of bankruptcy. Whatever the reason, Sergio Marchionne is asking consumers to steer clear of the company’s all electric Fiat.

Under the direction of Marchionne, Fiat Chrysler is apparently taking a new approach to keeping the company solvent: Sell cars that people actually want to buy. And he is letting everyone who will listen know that the automaker’s electric version of the 500 is not a car you want… He hopes. As it turns out, each 500e that rolls off the showroom floor costs the company money. A lot of money… And that’safter all of Obama’s cute little tax credits and manufacturer “incentives”.

According to Reuters:

“I hope you don’t buy [one] because every time I sell one it costs me $14,000” he said to the audience at the Brookings Institution about the 500e. “I’m honest enough to tell you thatI will sell the (minimum) of what I need to sell and not one more.”

Being green isn’t easy, but it’s also not cheap. The gasoline version of the same car sells with a starting price (including delivery charges) of roughly $17,000DealerFeesSalesTaxesAndFinancingChargesExtra. (Did you just read that with a fast paced announcer voice? Because that’s how it sounded in my head.) Theelectric 500e has a starting price point of roughly $32,650… And that’s without any thrills like heated seats, voice controlled navigation, or extra cup holders. Heck, I’m not even sure that model comes standard with turn signals. And even with this highly inflated price tag compared to its fossil-fuel sibling, the company takes a substantial loss with each rare sale.

Lucky for Fiat Chrysler, it seems the CEO’s wish is being answered. As it turns out, a $32,650 electric version of a $17,000 car is really only marketable to a niche sector of the American public. In a sane world, such a product would quickly find itself relegated to the ash-heap of corporate history. But, this isn’t a sane world. After all, we live in a world run by liberals.

Which, really, is the only explanation for Chrysler’s continued production of the 500e. Due to government regulations, CAFE standards, and “environmental consciousness”, the company must produce a certain number of electric (or highly fuel efficient) vehicles. Basically, progressive leaders in government have decided that it is more important to follow some questionable science about saving polar bears, than taking steps to keep people employed.

Marchionne also said that the company may have to increase its electric vehicle fleet to over half of its total sales by 2025… That’s a lot of red ink if Fiat can’t convince people to start shelling enough money to at least cover the cost of production. He hit the point home by saying that, unless something changes, Chrysler will be begging for another bailout because of government mandates driving down their profits. As Steve Martin once said: “Ah… So it’s a profit deal!”

Of course, if Marchionne really wanted to keep people from buying the 500e, hecould just follow the example of the Chevy Volt… Nothing turns away would-be consumers like a little spontaneous combustion.

Advertisements

Chevy Volt Heads for Fiery Crash

1 Comment

This is from Town Hall Finance.

The Chevy Volt is the Pinto of the 21st.century.

Another greenies wet dream that is a failure.

G.M has a cash cow known as the Federal government.

 

The good news for GM these days is that no one has been consumed in a fiery death due to engine compartment fires since the Chevy Volt was discovered to spontaneous combust after accidents shortly after production began.

The bad news for the company is that while Chevy Volt sales in June set a record, prior to June their sales for 2013 sucked despite general auto sales setting post-crash records.

“With signs that sales of its Chevrolet Volt battery car could be coming unplugged,” reported NBC News in June, “General Motors is offering potential buyers as much as $5,000 in incentives – making it the latest maker to try to cut prices in a bid to boost lagging demand for electric vehicles.”

In June the company reported 2,698 Volts sold thanks to those drastic discounts by GM. In fact, all battery-powered cars have seen deep price cuts due to disappointing sales.

“For the first five months of this year,” said NBC News, “GM has sold only 7,157 of what it prefers to call an extended-range electric vehicle, or E-REV. May sales, in particular, fell 4.3 percent, to 1,607. By comparison, the overall U.S. automotive market was up 8.2 percent for the month. According to a report by Inside EVs, Chevy dealers have more than 9,000 Volts clogging inventories, vehicles they need to clear out before the 2014 models start rolling in.”

That makes 6,302 excess Volts just weeks before the 2014 models are supposed to come off the assembly line. Or, to calculate another way, that’s 2 1/3 months of inventory assuming all the suckers haven’t already purchased Volts in the new and reduced “free” lunch program run by General Motors.

The ridiculous list price for the Volt started out at $46,000. Since then it’s been lowered to $39,995. The price is still ridiculous because the Volt is basically the Chevy Cruze with a big battery.

The Cruze by contrast has an MSRP of between $17,000-$23,000.

To lull consumers, the federal government gives a credit to Volt buyers of $7,500, plus GM, starting in June, discounted the price by another $4,000-$5,000 depending on the model year.

That means a buyer can pay around $28,000 for the privilege of buying a car that goes 38 miles on a full battery charge and has all the amenities of car that costs $5k less even after Volt discounts, subsidies, giveaways.

Boosters of the car will bombard me with email bragging about the cost savings with the Chevy Volt because they never have to buy gasoline, but they too often overlook the true cost of an electric vehicle.

First, electricity is not a free power source, despite what liberals believe. Electricity doesn’t just magically come from a wall plug.

Volt owners are SHOCKED…SHOCKED… when employers, HOAs and others third parties object to being asked to pay $1.50 per day to fully charge the car’s battery at public electrical outlets. It’s a phenomenon that’s becoming more common.

‘‘This isn’t some evil electric car that consumes a ton of electricity. It’s just a drop in the pond compared to what the whole building pays,’’ Mike Nemat told CBC News when trying justify using his condo’s public power source to fuel his vehicle.

It maybe a drop in the pond, but the pond isn’t Nemat’s to take from.

$1.50 per day to charge a Volt battery times 365 days is $547.50 per year. If “everyone” did it at a 50 unit condo, that would be $27,375 per year for “free” electricity.

And despite what liberals think, someone still has to pay the bill.

“This is ridiculous. It’s approximately $1.50 per day (based on the average electricity price in the U.S.) to fully charge a Volt,” wrote reader Corey on the article about Nemat’s condo subsidies. “That’s less than the price of a cup of coffee. When taken into consideration that it’s split between several tenants… they should be proud that they’re not only helping to save the environment but also lowering the nation’s dependence on foreign oil for pennies out of their pockets.”

I’m sure they are proud. But they just aren’t $27,375 proud. Or $7,500 worth of federal tax subsidies proud.

Nor am I. I’m “I’d rather you not take my tax money or HOA dues” proud. Do what you like, buy what you want, but don’t ask me to pay for it.

If Volt owners were really proud they’d pay for the “drop in the pond” themselves.

In finding out the true cost of ownership, the Volt’s battery should be depreciated across the life of the battery as well.

The battery costs about $8,000 to replace and lasts- in principle- about eight years. According to snopes.com the Volt costs a 7 cents a mile to operate on all-electric (EV) versus all-gasoline power of about 11 cents per mile. But those calculations ignore the battery costs, which add another 10 cents per mile to the electric option for a total of 17 cents per mile.

And that’s what’s really driving the poor sales of the Volt. Battery costs jack up the price of the Volt- and EV’s- versus gasoline vehicles. Chevy made a strategic mistake when it attempted to put the Volt’s costly powertrain into Chevy’s discount model- the Cruze. Instead GM should have followed competitor Tesla’s strategy of making an EV that appeals to rich, privileged, metro-sexual types plagued by White Guilt, which often also comes out sideways as Carbon Envy.

There’s money to be made on folks like that.

Just don’t use my money in doing it.

Because the scheme will likely end in a fiery crash, which, for the Volt, would be fitting since that’s how it started.

 

 

32 days of higher gas prices comes at tough time

Leave a comment

This is from CNN Money.

CNN actually committed a random act of journalism.

Obama wants to use mass transit or drive Chevy Volts.

I live in a very rural area in Indiana mass transit is out.

I would never be able to get into a Chevy Volt.

We need the Keystone Pipe Line and several new refineries.

We also need to tell the EPA and the tree huggers to go to Hell.

 

Gas prices have been rising due to higher oil prices, production cuts and refinery issues. Click chart for state-by-state data.

Gas prices have risen for 32 days straight, according to AAA.

That means that the average price for a gallon of regular unleaded gasoline has increased more than 13% over that period to $3.73.

It’s hitting wallets right in the middle of winter, when people are already looking at large home heating bills. And it comes just after many Americans have been hit with smaller paychecks, and are worried about looming budget cuts that could deliver an even deeper blow.

What’s behind the higher prices at the pump? It’s a confluence of factors, from rising crude oil prices, to production cuts and refinery closings.

“Right now, things are tight worldwide,” said Ray Carbone, president of New York commodities trading firm Paramount Options. “Refineries going down, unanticipated maintenance, and higher demand … going into driving season.”

Two-thirds of the cost of one gallon of gas comes from the price of crude, which has jumped 10% in the last two months, according to the Energy Information Administration. As the U.S. housing market experiences a resurgence, the jobs picture brightens and consumer spending expands, anticipation of higher oil demand is driving up prices. At the same time, fears have ebbed that there would be a protracted slowdown in China’s economy, which would have dampened global demand for oil.

OPEC, the powerful cartel of petroleum exporting countries, is also believed to have cut production by about 1 million barrels a day in the last few months, partly in response to rising oil production elsewhere, notably the United States.

Adding to that, several refineries are either preparing to, or have already, shut down for maintenance before their annual switch to summer gasoline, which is formulated differently.

For the average American, all this couldn’t be happening at a worse time.

Most of the country’s 160 million workers are taking home less pay each week since thepayroll tax cuts expired last month.

$5 a gallon gas hits California

The government in 2011 had temporarily lowered the payroll tax rate for the first $113,700 of annual earnings in an effort to keep more cash in the pockets of Americans and provide a boost to the economy.

Now, workers earning the national average salary of $41,000 are receiving about $60 less on every monthly paycheck.

Related: CNNMoney map: Check gas prices in your state

Many Americans are also worried that the federal aid programs they rely on are on thechopping block. Next month, lawmakers will face off against the so-called “sequester,”which will slash $85 billion from federal agencies over seven months.

By some estimates, up to 1 million jobs will be lost even as millions of federal workers will be furloughed and a bevy of programs and services across the government will be curtailed.

In such a scenario of widespread furloughs and job cuts, gas price will likely have a deeper impact if they continue to rise. To top of page

 

2nd electric car battery fire involving Chevy Volt

Leave a comment

 

This is from Sign On San Diego.com.
This is the car that is going to save the environment.
I guess it will save the environment by burning everything down.
This is the Pinto of the green movement.


  — Federal officials say they are investigating the safety of lithium-ion battery in General Motors Co.’s Chevrolet Volt after a second battery fire following crash-testing of the electric car.

The National Highway Traffic Safety Administration said Friday that three Volt battery packs were crash-tested last week. In one instance, the battery caught fire afterward, and in another the battery emitted smoke and sparks.
Last May, a fire erupted in the battery of a Chevy Volt that had been damaged during a government crash test three weeks earlier. Last week’s tests were an attempt to replicate the May fire.
NHTSA has opened a formal safety defect investigation of the batteries.
General Motors officials said previously that government officials didn’t follow the carmaker’s protocols for storing post-crash batteries.

 

%d bloggers like this: