Volt goes down in flames

Volt production on hold for 5 weeks

General Motors has told 1,300 employees at its Detroit Hamtramck that they will be temporarily laid off for five weeks as the company halts production of the Chevrolet Volt and its European counterpart, the Opel Ampera.

“Even with sales up in February over January, we are still seeking to align our production with demand,” said GM spokesman Chris Lee.

“Seeking to align our production with demand” = nobody wants them so we can’t keep making them, in spite of the fact that the total amount of state and federal subsidies for each Chevy Volt sold is as much as $256,824 per vehicle.

Maybe Obama’s still on time to buy one, there must still be plenty of Volts on the dealers’ lots,

Related:
Coinkadink: Obama rips small oil companies for their $4B in tax relief, which is roughly the same amount he blew on the Chevy Volt

UPDATE
Barack Obama blew more money on the Chevy Volt than the entire annual GDP of Belize.


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