Thread: Shame on GM
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Old 06-01-2011, 08:18 AM   #11
Camaroshark

 
Drives: 2010 Camaro 2SS/RS RJT, 6speed
Join Date: May 2011
Location: South Florida
Posts: 887
Quote:
Originally Posted by StreetStrip View Post
They'll never eliminate the Government Motors moniker by allowing this kind of nonsense: http://nlpc.org/stories/2011/05/31/g...lt-tax-credits
This is what happens when government gets into the game. Government should never have gotten into using tax dollars to subsidize or save any business...:ma d0259: .. there's a bankruptcy process in place

what's also omitted from this report is something I heard from an economist on the radio. The Volt costs $80,000 to produce, taking into consideration it's run volume and it's taxpayer subsidy, and development cost. It's sold at $40,000 plus the $7,500 tax credit subsidy (again thanks taxpayer). So taxpayers take a $40,000 hit each time one is sold. Isn't that special?:mad02 60:

So for about the same money... A volt or a Camaro?

Tell me... we're burning coal to produce energy for an electric car and that's "green"?
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