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Chevy Volt a Failure - GM to Layoff 1,300

Discussion in 'Sports and News' started by Evil Bastard (aka Chris_L), Mar 2, 2012.

  1. Hokie_pokie

    Hokie_pokie Well-Known Member

    So who's going to do something about the billions in government waste, in whatever form that takes? That's right, nobody.

    And yet, we have scores of homeless people and children living in poverty.

    For a country whose annual federal budget is in the trillions, that's a fucking embarrassment.
     
  2. Boom_70

    Boom_70 Well-Known Member

    Yet we send 10 bil a month to Afghanistan and split 4 bil a year with Egypt / Pakistan/ Libia.

    That would feed and house a lot of homeless.
     
  3. doctorquant

    doctorquant Well-Known Member

    Not being snarky, but your scale struck me as funny. "Scores"? Really? A "score" is 20. When you say "scores" rather than "hundreds", "thousands", or "millions", I think some number in the range of 20 to, say, 200. While it would certainly suck to be a member of that group, if a country with a population of 311 million has only "scores" of people homeless or living in poverty, I'd say that country's doing pretty well. I know that's not what you're trying to say, but it struck me as funny nonetheless.
     
  4. YankeeFan

    YankeeFan Well-Known Member

    Opening more stores:

    http://www.chicagotribune.com/classified/automotive/chi-2nd-tesla-store-coming-to-chicago-soon-20120921,0,5468972.story
     
  5. The Big Ragu

    The Big Ragu Moderator Staff Member

    This whole thing would be considered a fraudulent scheme or at least something akin to a ponzi scheme, if it was a private lender involved and not the Federal government. The Federal government gives them half a billion dollars in loans. They offer stock, and based on the Federal loan guarantee, they manage to raise money in equity offerings. They turn around and use that money to make interest payments to the Federal government, all the while reporting losses (no earnings), but promising big things in the future -- even as they keep missing estimates and posting bigger and bigger losses.

    The whole thing depends on them actually producing a product and selling it -- something they haven't done. So having blown through the money from the stock offering, they no longer have money left to pay back interest on the Federal loan.

    You can kiss that half a billion dollars goodbye, obviously. You could have a long time ago, though.
     
  6. old_tony

    old_tony Well-Known Member

    If 340 of those 380 weren't because of gasoline, you might have a point. But since the Volt only goes 40 miles on a 10-hour charge before it has to switch over to the gas-powered engine, your point falls apart.
     
  7. Azrael

    Azrael Well-Known Member

    Not really.

    The daily driving average in the US is 29 miles a day.

    By simply plugging into a wall outlet at night, a Volt owner who drives the national average can go months without ever buying or using gas.
     
  8. Boom_70

    Boom_70 Well-Known Member


    Global Warming Effects and Causes: A Top 10 List
    June 7, 2009 By Derek Markham

    Global Warming Effects and Causes: A Top 10 List

    1. Global Warming Cause: Carbon dioxide emissions from fossil fuel burning power plants

    Our ever increasing addiction to electricity from coal burning power plants releases enormous amounts of carbon dioxide into the atmosphere. 40% of U.S. CO2 emissions come from electricity production, and burning coal accounts for 93% of emissions from the electric utility industry [EPA, pg. 10]. Every day, more electric gadgets flood the market, and without widespread alternative energy sources, we are highly dependent on burning coal for our personal and commercial electrical supply.

    Planetsave (http://s.tt/12tkS)
     
  9. Azrael

    Azrael Well-Known Member

    I was promised 'clean coal' by any number of politicans.

    But Boom raises an interesting point - must a Volt buyer be a tree-hugger?

    Also, what's the break-even on carbon emissions by taking internal combustion cars off the road and building new power sources? Especially if those power sources are clean?

    Why shouldn't every garage in America have a solar array on the roof for charging electric cars?

    Why shouldn't every city bus be a hybrid?
     
  10. Boom_70

    Boom_70 Well-Known Member

    Tree huggers see what they want to see and tend not to think in the big picture.

    What I would love to see is a big picture master plan that takes into account all aspects of
    energy and environmental impact.

    Too many of our plans now and in the past end up with unintended consequences that leave us worse off and skeptical of new ideas .

    As example look at the opposition to nuclear power plants or the development of ethanol.

    If we had built the nuclear power plants like Shoreham on Long Island we would be a lot farther along in a better energy plan.
     
  11. doctorquant

    doctorquant Well-Known Member

    First off, you'd have to charge the car during the day. Second, you gotta have a ton of panel capacity, way the hell more than is feasible. I've done this in the past (but don't have the hard numbers handy, so you'll just have to trust me) but the numbers don't come close to working. The newer Volts have battery capacity of 16.4 kWh. I'd estimate that, ballpark, you'd need to spend around $10K minimum (and have about 325 square feet of roof space), and that's only if you're in a perfect place for generation (e.g., southern Nevada). If you're not in that perfect place, then your costs are going to go way the hell up. And that's if you're going to charge during the day. If not, you gotta build in that battery capacity to store and then transfer, and that's godawful expensive.
     
  12. Boom_70

    Boom_70 Well-Known Member

    "Two Volts in every garage and a solar panel on every roof"

    The sun will come up tomorrow.
     
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