King Midas is at it again. Everything he touches (the Volt, the entire U.S. economy) turns to a steaming pile of…
From the Detroit Free-Press:
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.
Lee said employees were told Thursday that production would put on hold from March 19 to April 23.
The Chevrolet Volt, an extended-range electric car, is both a political lightning rod and a symbol of the company’s technological capability.
Chevrolet sold 1,023 Volts in the U.S. in February and has sold 1,626 so far this year.
Flashback to earlier this week…
From Weasel Zippers:
No Joke: Obama Vows To Buy a Chevy Volt … In Five Years…
In other words, he plans to buy a used Chevy Volt in five years because that POS isn’t going to make it.
President Obama, speaking to a raucous crowd of United Auto Workers, vowed to buy a Chevrolet Volt electric car in “five years” — just as soon as his presidency is over.
“I got to get inside a brand-new Chevy Volt fresh off the line,” Obama said about a recent visit to a Detroit Chevy factory. “Even though Secret Service wouldn’t let me drive it. But I liked sitting in it. It was nice. I’ll bet it drives real good. And five years from now when I’m not president anymore, I’ll buy one and drive it myself.”
The Volt is a plug-in hybrid electric car first demoed by Chevy in 2007.
The man with the plan! Real Clear Politics has this clip of Obama demonstrating his economic genius:
Obama’s vision for an economy with a firm foundation built to last? “Move stuff around.”
Brilliant! Such mastery and understanding of intricate economic systems! What a sound explanation of his economic proposals and philosophies! Clearly this man knows his stuff and deserves another 4 years to build on his economic success!
Then there is the official car of the Obama administration, the Chevy Volt, which has seen their production line shipped to China, and has garnered the Worst Flop of 2011 Award.
The first problem I see with these electric vehicles is in the naming. Manufacturers need to start a line of more masculine vehicles. I would no sooner purchase a Chevy Volt, or a Nissan Leaf, than I would a Honda Cottonball, or Ford Baby Powder.
The following statement is from Seton Motley, President of Less Government. Check out the site, as they are, in my opinion, the leading authority on highlighting the hypocrisy and corruption coming out of Government Motors and the Obama administration today…
Via Less Government:
“From the moment the bailouts began – and General Motors became Government Motors – we have seen GM stack failure upon failure.
“There’s the unprofitable, unpopular, combustible electric Chevy Volt – a ‘Worst Product Flop of 2011’ winner. That costs We the Taxpayers $250,000 per unit sold. GM sold in 2011 25% fewer Volts than they had planned – but is in 2012 bizarrely increasing production by 500%. And despite all of this failure – including the inability to determine what is causing Volts to burst into flames – GM will next year begin producing an electric Cadillac and an electric Cruze.
“GM in 2010 received more clean (non-energy) energy patents than any other entity – of the Solyndra,Tesla, Fisker, uber-failure variety.
“And on, and on, and….
“And GM and its Obama Administration-Democrat backers ludicrously tell We the Shareholders that all of this failure is a ‘success.’
“Well, GM was last year the worst car stock of all – and the Chevy Volt was an award-winning flop. So the market ain’t buying it. And neither are We the People.”