+ - Chevy Volt Meets High Resistance, GM Suspends Sales
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Hugh Pickens writes
Hugh Pickens writes writes "The Hill reports that GM has announced to employees at one of its facilities that it is suspending production of the Chevy Volt for five weeks and temporarily laying off 1,300 employees. Back when GM launched the beleaguered electric car, it boldly targeted sales of 10,000 in 2011 and 60,000 in 2012 but GM only sold 7,671 Volts in 2011 and just 1,626 so far this year. "We needed to maintain proper inventory and make sure that we continued to meet market demand," says GM spokesman Chris Lee. "We see positive trends, but we needed to make this market adjustment." Although President Obama promised he would buy a Volt "five years from now, when I'm not president anymore" the Volt has come under criticism from Republicans in Congress because of reports of its batteries catching on fire during testing. Ironically, the shut down comes as gas prices are soaring, exactly the time when an electric car should be an easy sell. That's clearly not the case with the Chevy Volt meeting high resistance with the car buying public."
Chevy Volt Meets High Resistance, GM Suspends Sales More Login
Chevy Volt Meets High Resistance, GM Suspends Sales