• Jan 26, 2011
Was General Motors caught by surprise with the success of the Chevrolet Volt? According to two people "familiar with the matter" who spoke to Bloomberg, the number of Volts that GM wants to build in 2012 is now, wait for it... 120,000 units. Just six weeks ago, the number we heard for 2012 production was 45,000, up from a previous prediction of 30,000 units. Also, Bloomberg reports, GM might try to make 25,000 Volts this year instead of the 10,000 we previously heard would be produced in 2011.

In December, GM North America President Mark Reuss said there is a limited number of battery cells that vendor LG Chem can produce for GM. Not sure how (or if) this problem has been solved, but Bloomberg writes that GM is trying to get all the Volt's suppliers to increase their output so the automaker can make enough Volts to meet demand. One analyst believes GM will be able to sell every Volt it makes as long, as the $7,500 federal tax credit is available. The first 200,000 Volts GM sells will qualify for the credit, so it could potentially run out in 2013 if these new production numbers pan out.

[Source: Bloomberg]


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  • 49 Comments
      • 3 Years Ago
      de3de8 wrote;
      "Too bad you were not one of the 3000 in the WTC!"

      Wow, disagree about cars and you wish someone death?
      You are a lowlife not worthy of a response.
      • 3 Years Ago
      Hopefully buyers understand that the $7500 tax credit is non-refundable (meaning it will remove 7500 worth of tax liability, but if your tax liability is less than 7500, you don't get the difference).
        • 3 Years Ago
        Take aways the tax subsidy. There is no reason for it. If the car is good enough to stand on its own then let it.
        • 3 Years Ago
        If you don't pay $7500 in taxes you're not making enough money to afford this car!
        • 3 Years Ago
        Anybody spending 41 grand on a car damn well better have more than $7500 in tax liability.
        • 3 Years Ago
        The gen 1 Volt is better than the subsidized gen 1 Prius & subsidized gen 2 Prius.

        If the US is going to subsidize cars, at least subsidize American cars so American designers and American companies benefit.
      • 3 Years Ago
      FT is right on the fleet sales, GE is committed to buying 1500 or so, more of nobamas crony capitalism. GE is eyeball deep in the green for taxpayer money scam. It all stinks to high heaven and the average citizen has no clue what "tax credit" means and if they did would take a different view of helping someone else buy their car or other capital good. Come on 2012, just hope we survive till then.
      • 3 Years Ago
      @tweaker

      Yet the Volt still has the potential to use foreign oil. Not to mention the problem with battery materials and minerals.

      I truly believe this battery craze will run out when people realize how expensive it is on the power grid. Using electricity to fuel vehicles is a horrible idea. Shifting power from the middle east to China is an even worse idea.

      How can you "conservatively" say that one evil is great than the other.

      I'll be happy when the electricity fad dies.
        • 3 Years Ago
        Sp-

        If you do a little research, you'll find that all the materials needed for batteries are available outside of China, just not currently mined. This is correctable and the materials are quickly changing anyway. Read Akersons comments yesterday on where he thinks battery tech is heading and super capacitors are not yet dead.

        Using electricity to run vehicles is an excellent idea. Cleaner, cheaper in the grand scheme, self reliant. What's not to like?
      Jimmy Cain
      • 3 Years Ago
      The Volt is a failure and the tax payers will end up footing the bill for the loses.
        • 3 Years Ago
        @Jimmy Cain
        Pretty premature calling a car on sale for less than 2 months a failure.
        • 3 Years Ago
        @Jimmy Cain
        Kinda like getting car of the year after roughly zero sales!
      • 3 Years Ago
      Looks to me like GM is trying to drown out the release of the Tesla Model S
      • 3 Years Ago
      Do the math. Look at where the VaporVolt is sold and try to figure out how they could possibly sell enough Volts to even meet their original goal - look at less expensive products like the Prius and Leaf and then figure out a LOGICAL potential sales goal.

      After you do that, there is no way in hell that the VaporVolt will sell 120,000 vehicles - and that does not even factor in later arrivals of products with longer range, lower sticker prices, and higher utility for the user. Nor does that factor in current hybrids being modified into plugin ones which will cost less than the VaporVolt.

      What you have here is delusional Government Motors ambitions that aren't predicated on anything other than their typical ego-maniacal foolishness.
        • 3 Years Ago
        300 was just the number of units delivered last month, actual sales are much higher than that, to people who are now just awaiting delivery.
        • 3 Years Ago
        John selling 300 cars is no indication that they can sell 120K in a year. Especially since the cars are already languishing in dealer lots.
        • 3 Years Ago
        Vapor?

        GM sold 300+ last month, and will sell more this month.

        That's real.
        • 3 Years Ago
        In case you do not understand the term 'vapor' as it applies to product, once A SINGLE unit is sold, it ceases to be 'vapor'. Try to actually learn that for your next rant, m'kay?
        • 3 Years Ago
        @FT: you keep saying "languishing in dealer lots" - no matter how hard you wish that to be the case, it's still not reality.

        You know, there's a word for people who can't distinguish fantasy from reality. Perhaps you should yourself committed.
      • 3 Years Ago
      so much for deficit reduction. 1.5 billion so the working taxpayer can help someone else buy their car. If it can't stand on it's own, it's ahead of its time. Keep queering the markets and we will never get from being upside down in this economy. Cronie Capitialism. Come on 2012, can't get here soon enough.
        • 3 Years Ago
        @bknauf
        We spent approx. $1,000 billion and a bunch of dead Americans in defense last year, largely defending your oil interests. Investing $1.5 billion to try to lose that oil dependence seems highly worthwhile to this conservative.
      • 3 Years Ago
      Let's throw another $5-10k in subsidies at it and see if we can get up to 200k units!
        • 3 Years Ago
        Surprise, surprise, more "languishing" posts from FT with absolutely no data to show, just assurances that he is "in the know". I'm willing to bet that any Volts that are 'languishing' on dealer lots are at dealers who are trying to price gouge, and are being out-competed by neighboring dealers who will sell at msrp.
        • 3 Years Ago
        Too stupid for words or just a blatantly dishonest person? Hey FT, you get to choose. You remind of the republicans who bankrupt the country, and run the economy into the ditch, then try to blame the person trying to fix it for our problems and complain that he is taking too long to fix it.

        Since you post here, I assume that you are an automotive enthusiast. Therefore I'll assume that you damn well know that the Volt is on sale in just seven (7) regions.

        California
        Washington DC
        Michigan
        New York, New Jersey, Connecticut (Really 5 regions, since the tri-state is really one region.
        Austin, Texas.

        Nationwide availability in the U.S. and Canada is scheduled to begin with the 2012 model year commencing in late summer 2011.
        • 3 Years Ago
        @ngiotta

        I mean, it can happen. I do not expect the car to fly off the shelf everywhere at every dealer. I also expect some cars to have crazy mark up and sit around for a while too. But the simple fact is none of the cars can barely be more then a month old if that - so it is far too early to be pressing the panic button yet and claiming that it is a failure.
        • 3 Years Ago
        @FT: you keep wishing that the Volt fails, but do you ever have any data? What's your proof on Volts "languishing on dealer lots"? Can you prove what you're saying?

        Or does all that vanilla Toyota pumps you full of make you totally delusional?
        • 3 Years Ago
        John,

        I work directly with DEALERS. The information coming directly from the horse's mouth is that the Volt is in deep, deep trouble right now.

        Did you catch the state of the union last night? Why do you think Obama wants to increase the subsidy for plug in vehicles? Because the Volt is in great danger.

        • 3 Years Ago
        @FT
        Is you a fool......
        • 3 Years Ago
        I was just at a dealer that had "Chevy Volt Now in Stock!!!" on their giant freeway billboard. I was looking at other vehicles there when I asked the salesman how many they've sold. He said "Zero". They had 2 Volts there and each had only been test driven 3 times in 2 weeks. No takers. That's not to say that the "Volt is in trouble", but where I come from (California) this thing should be flying off the lots. He (the salesman) said that he and the other sales guys joke about turning them into parts runners for the service department because they can't sell them.

        By the way, I just spent a week in the Bay Area (aka, the Mecca of electric and hybrid vehicles) and didn't see a single Volt. I did see 4 Tesla roadsters however.
        • 3 Years Ago
        Word in the industry is that the car is doing so poorly (Volts are already languishing on dealer lots) that GM is doing this in an attempt to make it seem like there's a lot of demand for the car. They are hoping to fool people into thinking the Volt is "HOT" right now.
        • 3 Years Ago
        @FT
        There may be a few Volts "languishing" in the heartland or some parts of the south where no one is doing a good job of selling hybrids, but the car is hot in coastal markets. You can try very hard to spin this, but the fact of the matter is they would not be ramping up production if there was not real demand to justify it.
        • 3 Years Ago
        Tourian, the D3 have historically built more cars than they could sell (what do you think the bailouts were all about?) and having to dump the cars onto fleets (as they are already doing with the Volt).

        The reports of GM struggling to move the Volts at this early stage is definitely worrisome.
        • 3 Years Ago
        @ft
        Put up or shut up. Names of dealers who are suffering with "languishing" Volts. Exact names please. You've been making these 'insider' claims since the day they started deliveries and you're the only one making these claims.
        Names please or stfu.
        • 3 Years Ago
        @FT

        You still haven't presented any facts. The car didn't go into production until Nov.11. It didn't start reaching dealers until a month later. So at most the oldest Volt on the ground is at best 45 days old. That is hardly languishing. Most dealers don't call a unit old until it reaches 90 days. You might say a hot product like the Volt should never come close, but to say it is languishing is a gross exaggeration on your part because you are just a flat out hater that has no real facts. Tell me the name of the dealer that has several 45+ old day Volts. And again, one or two Volts sitting in Cow Country USA at Podunk Chevrolet proves ABSOLUTELY NOTHING.
      • 3 Years Ago
      @milkylainen You are barking up the wrong tree. The Volt should be cheaper to both Euro adopted countries and of course the Swedish Kr has gained in value. So why is it so expensive? You need to look to your own protectionist government for all of the VAT and tariffs to limit consumer demand.
      • 3 Years Ago
      ....and as soon as the $7,500 tax credit ends, no one will spend $40,000 on a battery powered Cruze. Game over.
      • 3 Years Ago
      Clearly, GM smells blood and wants their share before others grab any.
        • 3 Years Ago
        And yet, if GM doesn't take the volume bump, they don't amortize the sales as quickly...
        • 3 Years Ago
        The problem with any tax credit incentive - especially of this magnitude - is that it creates sharp economic peaks and troughs and masks the true economic trend. As the US housing industry has discovered, albeit predicted by many financial professionals, once the incentives disappear then the cost effectively passes onto the supplier in order to maintain any form of sales momentum. And that cost is unlikely to be wholly absorbed - it'll be passed on somewhere.
        • 3 Years Ago
        "And yet, if GM doesn't take the volume bump, they don't amortize the sales as quickly..."

        Sales aren't amortised. The cost of research and development, however, is amortised over an estimated useful life of the product itself.

        • 3 Years Ago
        Volt dies after 200K production. Unless Congress can reinstate the 7500 tax credit, it's, umm, toast.

        Still, that ought to be good for several years of production and GM has that long for its lobbyists to get to their pet congressmen.
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