Nissan's winter plug-in vehicle sales slump continues, with the Nissan Leaf dropping to just 478 units sold in February, down from 676 in January. This even though overall Nissan North America sales increased by 15.5 percent over last February's numbers. Perhaps, now that the all-electric car is going to be available in all 50 states, the tide will turn.

For the Chevrolet Volt, things are already looking up, with 1,023 sales in February. That's not December-good, when the car sold 1,529 units, but most certainly better than the 603 sold in January. Looking at the entire GM portfolio, sales of the company's small, fuel-efficient vehicles were up 43 percent in February, which makes sense with the high gas prices in the U.S.

Official press releases from both Nissan and Chevy are available after the jump and we'll have our complete round-up of monthly green car sales up soon. Stay tuned.
Show full PR text
Nissan North America Sales Rise 15.5%, Set New February Record

- Altima and Rogue lead gains with record sales -
NISSAN WORDMARK LOGO Nissan Wordmark. (PRNewsFoto/Nissan North America) NASHVILLE, TN UNITED STATES

FRANKLIN, Tenn., March 1, 2012 /PRNewswire/ -- Nissan North America, Inc. (NNA) today reported record February U.S. sales of 106,731 units versus 92,370 units a year earlier, marking an increase of 15.5 percent over last February's record total. Nissan Division sales increased 17.1 percent over last year, also establishing a new February record. Sales of Infiniti vehicles increased 1.0 percent over the prior year.

NISSAN HIGHLIGHTS

Nissan Division posted a record February with 97,492 sales, an increase of 17.1 percent over the old record of 83,226 units set in 2011.
Altima sales remained strong, setting a new February record with 32,953 deliveries, up 58.4 percent over the prior year. In April, Nissan will unveil the all-new, fifth generation Altima at the New York International Auto Show. A preview image and video of the 2013 Altima, which goes on sale this Summer, was released today at http://nissannews.com/pressrelease/3285/1/all-new-2013-nissan-altima-coming-soon.
Nissan Rogue also set a new February record with 13,423 units, up 17.5 percent.
Sales of Nissan's trucks continued to grow, with Frontier, Titan, Xterra and Pathfinder posting year-on-year sales increases.

INFINITI HIGHLIGHTS

Infiniti delivered 9,239 vehicles in February, an increase of 1.0 percent versus 9,144 a year earlier.
Sales of the Infiniti QX luxury utility hit a new February high at 1,162, up 28.8 percent over last year.
Infiniti G Sedan sales were up 7.2 percent to 4,334 deliveries in February.

"Nissan's momentum throughout the lineup continues to drive our growth and record February sales," said Al Castignetti, vice president and general manager, Nissan Division. "Another strong month for Nissan Altima demonstrates that consumers are increasingly turning to Nissan for quality and reliability in the midsize car segment."

NOTE: To ensure consistency in global sales reporting, Nissan North America calculates monthly variances on a straight-percentage basis, unadjusted for the number of selling days. February 2012 had 25 selling days, while February 2011 had 24.

About Nissan Americas
In the Americas, Nissan's operations include automotive styling, engineering, consumer and corporate financing, sales and marketing, distribution and manufacturing. Nissan is dedicated to improving the environment under the Nissan Green Program and was recognized as an ENERGY STAR® Partner of the Year by the U.S. Environmental Protection Agency in 2010 and 2011. More information on Nissan in North America, the Nissan LEAF and zero emissions can be found at www.nissanusa.com.

About Nissan
Nissan Motor Co., Ltd., Japan's second largest Japanese automotive company by volume, is headquartered in Yokohama, Japan and is an integral pillar of the Renault-Nissan Alliance. Operating with more than 150,000 employees globally, Nissan provided customers with more than 4 million vehicles in 2010. With a strong commitment to developing exciting and innovative products for all, Nissan delivers a comprehensive range of fuel-efficient and low-emissions vehicles under the Nissan and Infiniti brands. A pioneer in zero emission mobility, Nissan made history with the introduction of the Nissan LEAF, the first affordable, mass-market, pure-electric vehicle and winner of numerous international accolades including the prestigious 2011 European Car of the Year award.

For more information on our products, services and commitment to Sustainable Mobility, visit our website at http://www.nissan-global.com/EN/.

NISSAN DIVISION

Feb.

Feb.

Monthly

CYTD

CYTD

CYTD

2012

2011

% chg

2012

2011

% chg

Nissan Division Total

97,492

83,226

17.1

170,009

147,668

15.1

Versa

10,190

10,578

-3.7

19,608

19,260

1.8

Sentra

10,605

12,599

-15.8

17,671

22,137

-20.2

Cube

687

2,248

-69.4

1,148

3,909

-70.6

Altima

32,953

20,808

58.4

55,310

37,262

48.4

Maxima

6,597

5,318

24.1

10,598

8,467

25.2

LEAF

478

67

613.4

1,154

154

649.4

Juke

2,947

2,985

-1.3

5,277

6,080

-13.2

370Z

553

571

-3.2

970

1138

-14.8

GT-R

67

38

76.3

87

60

45.0

Total Car

65,077

55,212

17.9

111,823

98,467

13.6

Frontier

4,237

3,527

20.1

8,019

6,323

26.8

Titan

1,576

1,467

7.4

2,882

2,898

-0.6

Xterra

1,457

1,297

12.3

2,918

2,476

17.9

Pathfinder

2,856

2,392

19.4

4,937

3,985

23.9

Armada

1,808

1,806

0.1

3,210

2,931

9.5

Rogue

13,423

11,427

17.5

23,327

20,850

11.9

Murano

5,045

5,254

-4.0

8,940

8,832

1.2

Quest

1,206

832

45.0

2,390

894

167.3

NV

807

12

6625.0

1,563

12

12925.0

Total Truck

32,415

28,014

15.7

58,186

49,201

18.3

North American produced

73,086

59,804

22.2

126,716

105,751

19.8

Car

60,345

49,303

22.4

103,187

87,126

18.4

Truck

12,741

10,501

21.3

23,529

18,625

26.3

Import

24,406

23,422

4.2

43,293

41,917

3.3

Car

4,732

5,909

-19.9

8,636

11,341

-23.9

Truck

19,674

17,513

12.3

34,657

30,576

13.3

INFINITI DIVISION

Feb.

Feb.

Monthly

CYTD

CYTD

CYTD

2012

2011

% chg

2012

2011

% chg

Infiniti Division Total

9,239

9,144

1.0

16,035

16,549

-3.1

G Sedan

4,334

4,044

7.2

7,291

7,292

0.0

G Coupe

1,171

1,448

-19.1

2,030

2,524

-19.6

M

1,150

1,178

-2.4

1,850

2,055

-10.0

QX56

1,162

902

28.8

2,182

1,684

29.6

EX

314

507

-38.1

632

989

-36.1

FX

1,108

1,065

4.0

2,050

2,005

2.2

Total Car

6,655

6,670

-0.2

11,171

11,871

-5.9

Total Truck

2,584

2,474

4.4

4,864

4,678

4.0

NISSAN & INFINITI

Feb.

Feb.

Monthly

CYTD

CYTD

CYTD

2012

2011

% chg

2012

2011

% chg

TOTAL VEHICLE

106,731

92,370

15.5

186,044

164,217

13.3

Total Car

71,732

61,882

15.9

122,994

110,338

11.5

Total Truck

34,999

30,488

14.8

63,050

53,879

17.0

Selling days

25

24

49

48


* All numbers include Hawaii

GM February Sales Beat Expectations
Small and Compact Car Sales up 43 percent


2012-03-01

DETROIT – General Motors Co. (NYSE: GM) today reported total sales of 209,306 vehicles in February, up 1.1 percent compared with the company's very strong February 2011 results.

"Chevrolet's 6 percent sales increase, which was driven by new models, as well as a stronger economy, helped GM exceed last February's remarkably strong result," said Don Johnson, vice president, U.S. Sales Operations. "It's an affirmation of our progress. We are continuing to execute the same disciplined sales strategy that was the key to our success in 2011."

Industrywide, February light vehicle sales will top 1.1 million units, thanks to stronger employment and credit availability, an improving housing market and the recovery in consumer sentiment, he added.

"Commercial sales are a good barometer for the economy," Johnson said. "GM's commercial deliveries increased 35 percent in February, driven by strong sales of heavy-duty pickups."

Year-over-year sales of the Chevrolet Silverado HD and GMC Sierra HD were up 28 percent and 20 percent, respectively. Other sales highlights for February include double-digit sales increases for the Buick LaCrosse, which features the 36-mpg eAssist powertrain as standard equipment, the Chevrolet Equinox and Camaro, and the GMC Terrain.

Chevrolet passenger car sales were up 13 percent. The all-new Chevrolet Sonic had its best month ever, with sales of 7,900 units. Chevrolet Cruze exceeded 20,000 units for the sixth time, marking its sixth-consecutive month of year-over-year sales gains. GM's small and compact car portfolio, which now includes the Chevrolet Sonic, Cruze and Volt, and the new Buick Verano, were up a combined 43 percent versus February 2011.

GM's year-over-year incentive spending, expressed as a percentage of average transaction prices, was down 3.5 percentage points to 9.5 percent in February, according to J.D. Power PIN estimates. Incentive spending was down about one-half point from January.

Highlights

Feb. 2012 Total Sales

Total Change vs. Feb. 2011

Feb. 2012 Retail Sales Change vs. Feb. 2011

CYTD Total Sales

CYTD Total Sales Change vs. 2011

CYTD Retail Sales Change vs. 2011

Chevrolet

151,197

5.8%

(1.3%)

275,061

2.5%

(7.5%)

GMC

32,581

0.1%

(5.7%)

57,547

(4.4%)

(9.4%)

Buick

14,023

(11.3%)

(3.6%)

24,231

(16.7%)

(10.4%)

Cadillac

11,505

(27.0%)

(20.2%)

20,429

(27.9%)

(21.0%)

Total GM

209,306

1.1%

(3.9%)

377,268

(2.2%)

(9.2%)



Inventory

Units @
Feb. 29, 2012

Days Supply (selling days adjusted)

Units @
Jan. 31, 2012

Days Supply (selling days adjusted)

All Vehicles

667,096

80

619,455

89

Full-size Pickups

210,463

116

188,568

119



Industry Sales

Full Year 2012
(est.)

Jan. 2012 SAAR

Feb. 2012 SAAR (est.)

Feb. 2011 SAAR

Total Light Vehicles

13.5 million – 14.0 million

14.1 million

14.5 million – 14.9 million

13.3 million



General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM's brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

Forward-Looking Statements

In this press release and in related comments by our management, our use of the words "expect," "anticipate," "possible," "potential," "target," "believe," "commit," "intend," "continue," "may," "would," "could," "should," "project," "projected," "positioned" or similar expressions is intended to identify forward-looking statements that represent our current judgment about possible future events. We believe these judgments are reasonable, but these statements are not guarantees of any events or financial results, and our actual results may differ materially due to a variety of important factors. Among other items, such factors might include: our ability to realize production efficiencies and to achieve reductions in costs as a result of our restructuring initiatives and labor modifications; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; our ability to maintain adequate liquidity and financing sources and an appropriate level of debt, including as required to fund our planned significant investment in new technology; the ability of our suppliers to timely deliver parts, components and systems; our ability to realize successful vehicle applications of new technology; and our ability to continue to attract new customers, particularly for our new products. GM's most recent annual report on Form 10-K and quarterly reports on Form 10-Q provides information about these and other factors, which we may revise or supplement in future reports to the SEC.


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    • 1 Second Ago
  • 88 Comments
      theflew
      • 2 Years Ago
      I agree 100%. For Nissan the home market is the easy sale. This year Nissan will have to sell against the Tesla/Karma on the high end, Volt (HOV), Focus, iMiev, PiP, etc... Nissan can't afford to become just another EV forsale. That was the benefit of them getting a year head start.
      DaveMart
      • 2 Years Ago
      Nissan are shoring their battery pack capacity with Renault, who have just kicked off their Kangoo ZE at a great price. The French Government decided not to help finance a battery plant in Flins, which not won't open until 2014, so they have a lot of demand to juggle as the Fluence comes on line about now and the Twizy shortly. They are using LG as a second tier battery supplier, but my guess is supply is tight and will get tighter as the Zoe comes in in the fall, so expect shortages of supply and headlines of what a failure the Leaf is until the Tennessee plant comes on line.
        Sasparilla Fizz
        • 2 Years Ago
        @DaveMart
        That'll be a bit of a bummer if this turns out to be the case as I remember reading the Smyrna, TN plant won't be popping Leafs out until the very end of the year at the earliest.
          • 20 Hours Ago
          @Sasparilla Fizz
          There is no tell'n what schedule the Smyrna Plant is on. Nissan was saying they were going to step up the schedule in the aftermath of the quake. The exchange rate has been in the crapper for a while too so that is even more motivation. I saw last week they rolled the first Infiniti JX out of the plant but they are leaving us in the dark on the other lines.
        electronx16
        • 2 Years Ago
        @DaveMart
        Supply is tight...so that's why they decided to go nation wide with the Leaf?
          SVX pearlie
          • 2 Years Ago
          @electronx16
          Summer is coming, which are the big sales months, which coincides with higher fuel costs ($5/gal is rumored possible in California). This summer is the breakout chance, so they need to turn the production up as high as possible.
          marcopolo
          • 2 Years Ago
          @electronx16
          @Dave Mart As usual, you spot on in your analysis. Large corporations think globally, often their most profitable and strategic markets are in countries outside the original domestic market. When ever I read self important parochial pronouncements, I'm reminded of the example of the tiny Tasmanian (AUS) Provincial newspaper, which in 1864, announced in Bold Headlines, "We Warn the CZAR!!!". The absurdity of this bit of Xenophobia and self-importance became famous thought the journalistic world for over a century, and a source for endless comedy skits.
          DaveMart
          • 2 Years Ago
          @electronx16
          PR: I'm suggesting that world companies have to balance supply around the whole world, not just the US. It is premature to suggest that the nationwide release in the US will result in longer waiting lists. Nissan/Renault have a second tier battery supplier in LG, and we don't know, or I don't know, what their capacity constraints are, or on what schedule they can increase it. However, in addition to hitting around 50,000 battery packs for the Leaf this year, up from around 20,000 last year, Nissan/Renault has to find perhaps 30,000 battery packs for Renault. That is a heck of a bump in demand, and gliches are to be expected.
          PR
          • 2 Years Ago
          @electronx16
          that way everyone in the US can suffer the same supply limits equally. Are you suggesting that they solve the supply problem 100% on the backs of folks that have been waiting on the Leaf waiting lists the longest, in states where sales haven't begun? After promising for a year that sales would begin around now? That would be a dumb choice. It's better to go national and let folks in early release states that weren't at the top of the list wait.
          DaveMart
          • 2 Years Ago
          @electronx16
          I understand that they had already promised to do so. They are nationwide, if by that you mean in the USA, by which they mean you are able to go on the waiting list. If they have supply issues no doubt they are trying to address them, but Renault demand for batteries has just kicked in in a big way. Sometimes it seems a little difficult to persuade some Americans that there are other regions of the world outside of the United States, and that world car makers have to balance supply across other markets too.
      DaveMart
      • 2 Years Ago
      I'd still think that the best guess for Leaf sales for the year is Nissan's one for the US, or around 20,000. What it is not possible to do is work out how many they are going to sell for the whole year on any month's sales, as their cars and more pertinently their battery production is allocated worldwide.
        SVX pearlie
        • 20 Hours Ago
        @DaveMart
        To hit 20k, that's an average of 1667 monthly. The best EV number to date was put down by the Volt last December, and even that was short by over 100 units. With a slow start on the year, only 1154, Nissan will need to average 1885 monthly over the remaining 10 months. Now GM can build 4k Volt / Ampera per month, so they clearly have capacity to sell 40-50k this year, if all production were allocated to the US. The question for both GM and Nissan is whether the demand exists.
          SVX pearlie
          • 20 Hours Ago
          @SVX pearlie
          I think GM only needs to sell on par with Nissan, and 20k is enough. That's an achievable number. The California HOV sticker will bump sales for as long as those stickers are available. It's not like a lot of people sell their cars and buy new ones just because a new whatnot becomes available. Otherwise, there wouldn't be any point in releasing HOV Volt at all - the Leaf would have already captured those stickers. 45k Volt is production capacity which GM can allocate. I don't think it's a US number, or ever would be - Opel Ampera sales should continue due to high fuel taxes in Europe.
          Ziv
          • 20 Hours Ago
          @SVX pearlie
          I don't think that GM can sell 45,000 Volts at an MSRP range of $39,200 to $46,000. They can sell a thousand a month at those prices, but not much more. The California deals will give them a nice bump this month but after that they will need to drop the price by at least $2,000 or their sales will never build up to much of anything. It sounded like Akerson had seen the light when he said that there would be a noticeable drop in the price of the Volt by this summer. We will see. Being able to get a Volt, net, for less than $30k? That is a winning proposition. We are already seeing the fully kitted out Volts that have an MSRP of $46k getting $5,000 off MSRP, so there is probably still going to be a profit for GM even if they drop the price.
      S
      • 2 Years Ago
      Union thug Obama and his NLRB have convinced me to stay away from union made products. A Toyota made in a good ol right to work state will do just fine. In the last 4 years i have spent around 300k on new GM cars and trucks . No more. Sold my last Chev 6 mos ago. Shame on the greedy union bosses. I really liked that 09 Z 06 . Was looking at a 2010 ZR1 Till we found out Obama was in bed with the corrupt union bosses.
        • 2 Years Ago
        @S
        You make yourself sound ridiculous with your hackneyed political insults. No one takes you seriously if all you do is name call.
        super390
        • 2 Years Ago
        @S
        I assume, S, that your ideal would be to go back to the period from 1865 to 1940, when corporate-controlled governors sicced National Guard units to gun down striking Americans an average of twice a year. That created such a strong economy, that we ended up with the Great Depression! You don't hate greedy union bosses. You just want the US to become like Latin America in the good old days when the rich could steal, rape and murder their workers at will. When you've killed the unions the right to work states will drive manufacturing wages down to Mexican levels -- Chinese levels will be higher by then, along with their educational and technological levels.
          marcopolo
          • 20 Hours Ago
          @super390
          @super390 Ah, super, (wipes tear from eye) what an image you bring back of the good old days! Ezee and I could look out on a see of defeated men, broken on the ruthless wheel of industrial soulessness, cruelly betrayed by those who should have been trusted to better the workers rights. Spying, blacklisting, brutally crushing all dissent, in grim prisons and 'disappearances". Ooooh, and the raping, heh, heh, the high living among us bosses, with every luxury! My goodness yes! Great times, great times, ....yeah....but then that b**stard Reagan had to go and tear down our Soviet Socialist paradise! (sob) i lost good comrades, Nicolae and Elena Ceausescu, and so many others...all gone ...so sad. Never mind my sweat shop/forced labour camp he in Xian province in the People Republic of China is nearly as good.!
        Nick
        • 2 Years Ago
        @S
        Yeah right, you have nowhere near $75k to spend on cars every year, judging by your delusional, incoherent rant. Keep buying Toyotas you two-faced, so-called "patriotic" hypocrite.
          pmpjunkie
          • 2 Years Ago
          @Nick
          @S If you're going for most retarded comment of the day you have to try just a little harder. Good news is you're almost there.
          Dan Frederiksen
          • 20 Hours Ago
          @Nick
          I better vote him up : )
          marcopolo
          • 2 Years Ago
          @Nick
          @ DF, Well played Dan, you are developing a sense of humour !
          marcopolo
          • 2 Years Ago
          @Nick
          @ Nick Shhhhh... S is trying to break DF's record of -27, will he make it, and become the new ABG uber-troll ? Or will DF fight back? S, is showing impressive form, but my money's on the more established DF...
        nitrostreet
        • 2 Years Ago
        @S
        "Till we found out" We? Oh, you mean you and Faux news
        Spec
        • 2 Years Ago
        @S
        I find it bizarre that it is now "patriotic" to support foreign car companies that use the USA as low-cost non-union labor while those foreign car companies pay their union workers in their home countries higher wages. That is just crazy.
      • 2 Years Ago
      So much hatred attached to a pretty benign article. Why do conservatives hate alternative energies SO much? I'd like to hear from a conservative.
      Turbo Froggy
      • 2 Years Ago
      @Scott, Why wait 6-9 months? If you want your Leaf sooner, just contact a good reputable dealer like Mossy Nissan or Boardwalk Nissan in California, they both have lots in stock. They can arrange shipping right to you. You could be driving your new Leaf in less than 2 weeks.
      Rotation
      • 2 Years Ago
      Yesterday I saw a Fisker Karma and a Focus Electric. Today I saw a BMW Active E. I'm on a roll on oddball cars! Oh, I also saw a Scion iQ on the road. Anyway, the Active E looks kinda lousy. The paintjob is awful (and the trim strip inside), there are ugly black plastic plugs where the foglights should be. And to top it all, the charging port appears to be on the passenger rear quarter panel, making charging more annoying than it needed to be.
        SVX pearlie
        • 20 Hours Ago
        @Rotation
        I wonder if it's the same Fisker, I saw a couple days ago. The FFE doesn't look special, so it won't catch my eye. Unlike the Volt & Fisker, the FFE's very anonymous, which may not be a good thing if Ford wants people to know that they're on the EV train.
          marcopolo
          • 20 Hours Ago
          @SVX pearlie
          @ SVX pearlie, You might be right, on the other hand, some people might be reassured by the fact that it looks" like a real car". It might also be reassuring the the bodywork etc, is identical to the Focus. Some of the marketing surveys identified the conventional looks as a positive. Time will tell.
      SVX pearlie
      • 2 Years Ago
      @Joe: Having production capacity only helps if you can sell every car you make. If you don't have the demand, then that unused capacity is a millstone around your neck. If you recall, GM had massive production capacity prior to shedding Old GM. But they didn't have sufficient demand, and their cost was too high. Or on a smaller scale, look at SAAB - SAAB had capacity to produce far more cars than they sold in 2011.
      Dave R
      • 2 Years Ago
      LEAF sales still appear to be supply limited. Checking local dealers there are only a couple in stock. Nationwide cars.com only shows about 600 LEAFs in stock. Compare that to the Volt where there's 4300 in stock and the local dealer has over 10 in stock.
        theflew
        • 2 Years Ago
        @Dave R
        I'm don't doubt they are supple limited, but why. Nissan isn't Tesla and they know how to scale production. I don't know what the plant capacity is, but at this point in the game Nissan can't afford to leave EV sales on the table. With the PiP, Ford Focus EV, Tesla Model S, HOV Volt coming they need to get their product out now, it's not going to get any easier. Even if it means sacrificing some local sales (Japan).
          JakeY
          • 2 Years Ago
          @theflew
          Nissan probably doesn't want as much Leaf stock in the US until the Tennessee plant is operational in late 2012. Right now the unfavorable exchange rate makes it highly unprofitable to sell a Japanese made Leaf in the US, esp. compared to the home market and other markets, where they charge more money for it. Nissan can easily catch up and surpass the other once the Tennessee plant is online (it has 150k annual capacity).
          SVX pearlie
          • 2 Years Ago
          @theflew
          "With the PiP, Ford Focus EV, Tesla Model S, HOV Volt coming they need to get their product out now, it's not going to get any easier." Totally agreed, thank you!
      Sasparilla Fizz
      • 2 Years Ago
      While Nissan could increase Leaf chasis production at a whim, they probably can't increase battery production at a whim - NiMH and Li battery production facilities are more akin to semiconductor production facilities (i.e. it takes a long time to construct them and they're so expensive you design them to run flat out all the time from opening). This is what controls vehicle production for hybrids, plug-ins and EV's and its very different than normally increasing vehicle production. I remember before the crash of 2008 for several years Toyota could have sold many more Prius's (because of gas prices) if it could only increase their battery production - but they had to wait for a new assembly facility to be built to increase capacity.
      Herman Blackman
      • 2 Years Ago
      GM is expanding in China as we speak. Union thug hipocrites. Hey GM , The tax payer wants their 25 billion back now. Jhon Ransom of Town Hall writes. "Has General Motors reached another Obama milestone when they announced late on a Friday afternoon that they were suspending production of the Obama-inspired Chevy Volt for five weeks due to lack of demand. Presumably the Volt was an attempt by GM to help Obama with his pledge to put 1 million electric cars on the road in return for the tens of billions of dollars in forgivable “loans” that the company got from the Obama administration from the TARP bailout. The hybrid gas-electric vehicle gets 25 miles on a full, overnight charge and costs around $40,000. To date, GM has sold around 10,000 vehicles. To put it in perspective, the Chevy Corvette has a sticker price of $49,600. If the Volt’s not in the federal witness protection program, it ought to be. “Sales also took a hit last fall when the National Highway Traffic Safety Administration opened a probe into why two Volts burst into flames days or weeks after severe NHTSA crash testing,” reports USA Today. Leaks from the cooling system were caused by shortages in the electrical system that prompted the fires. But the discovery came only after weeks of bad press for GM. Eventually the car company offered to buy back every single Volt for any consumer who was unhappy".
        Sasparilla Fizz
        • 20 Hours Ago
        @Herman Blackman
        GM had record earning for 2011, isn't that great Herman?
        DaveMart
        • 20 Hours Ago
        @Herman Blackman
        Thanks Rush.
        Nick
        • 20 Hours Ago
        @Herman Blackman
        Herman Blackman (Herman Cain?) "Has General Motors reached another Obama milestone " Okay, one more time for the blabbering idiots among us: The Volt project was initiated 2 years before anyone knew who Obama was. The President actually was skeptical at the Volt...
          rich
          • 20 Hours Ago
          @Nick
          Hi Nick If Obama was so skeptical of the Volt why did he state the Volt was the future of the American auto industry? He even went on to say he will buy one as soon as he gets out of office. Maybe, just maybe his predictions and waste of billions of dollars should be investigated along with Solyndra and numerous other so called "green companies" that have or are going bust. In any case he should hurry to purchase his car as the future is bleak for it at best. This High Demand vehicle was out of production from December 23, 2011 till February 6 of this year. Another minimum 5 week shutdown has be has been announced for later this month. Now, here comes the blame for this debacle. Of course Obama and GM will blame the Republicans for sales that NEVER got off the ground. In reality they should fire the entire marketing group for not doing market research to see what buyers wanted, what price was acceptable and who the target market was. You know common sense, marketing 101 principles. You never know, Obama may even drag president Bush into the debacle!
          S
          • 20 Hours Ago
          @Nick
          No Nick. I am white as snow.
      Sasparilla Fizz
      • 2 Years Ago
      December sales were always going to be a peak because of the temporary Tax Credit (you only get the money when you file your taxes so Dec was the last month to get a return for your 2011 taxes). It's nice to see Volt numbers coming back up (recovering from the Dec. rush). With the 1st HOV carpool lane eligible Volt's now just starting to get to CA Volt sales should continue to climb in March, possibly giving a record month for sales (we'll have to see). First year Volt sales were ~50% higher than initial Toyota Prius sales and it looks like 2nd year sales should go even higher. With ~7,000 Volt orders in Europe things are looking okay for the Volt. On top of GM's record earnings year of 2011 - GM looks to be in very good shape.
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