Germans P.O. GM decides to keep OPEL

fabmandelux · #1 (**permalink**) 11-04-2009, 10:51 AM

Another dumb move by GM?
http://www.nytimes.com/2009/11/05/bu...05gm.html?_r=1

Lazy K · #2 (**permalink**) 11-04-2009, 01:17 PM

I watched an interview the other day given by the vice president of GM where he said that, when the Volt goes on sale, every buyer will get a $7500 Federal tax rebate and that GM "may" initially have to sell the Volt at a loss. This could amount to a taxpayer subsidy of around $500ml for the Volt.
Opel are only losing about $1ml a week so why not keep it?

Nitramjr · #3 (**permalink**) 11-04-2009, 05:45 PM

I heard somewhere that it is cheaper for GM to keep Opel than it would be to get rid of it.

Sounds like marriage, doesn't it?

fonefiddy · #4 (**permalink**) 11-06-2009, 06:42 AM

Quote:

Originally Posted by Nitramjr

I heard somewhere that it is cheaper for GM to keep Opel than it would be to get rid of it.

Sounds like marriage, doesn't it?

LOL, That sounds about right!