GM laying off 1300 workers due to low Chevy Volt sales

From the Washington Examiner.

Excerpt:

General Motors Co. announced the temporary suspension of Chevrolet Volt production and the layoffs of 1300 employees, as the company is cutting Volt manufacturing to meet lower-than-expected demand for the electric cars.

“Even with sales up in February over January, we are still seeking to align our production with demand,” GM spokesman Chris Lee said. The car company had hoped to sell 45,000 Chevy Volts in America this year, according to the Detroit News, but has only sold about 1,626 over the first two months of 2012.

“GM blamed the lack of sales in January on “exaggerated” media reports and the federal government’s investigation into Volt batteries catching fire, which officially began in November and ended Jan. 21,” the Ann Arbor (Mich.) News reported.

The laid-off employees will be rehired April 23rd, when GM resumes production of the Volt.

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One thought on “GM laying off 1300 workers due to low Chevy Volt sales”

  1. President Obama tells UAW workers that he will be buying a Chevy Volt when he leaves office in five years and just days later GM suspends production due to slow sales.

    At the same time this same “Green” President is otherwise willing to keep Air Force One in the air to watch a basketball game between the NY Knicks and Miami Heat.

    Now that seems like a waste of gas to me but then again I am not the King!

    Read the article at The Political Commentator here: http://bit.ly/AgLa1L

    Like

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