On a campaign stop a couple of years ago, after a photo op sitting in a Volt, President Obama told a crowd of United Auto Workers:
“It was nice. I bet it drives real good,” he said. “And five years from now, when I’m not president anymore, I’ll buy one and drive it myself.“
Well, since GM has announced that it is killing the Volt, Obama might want to place his order pronto … and, demand a clearance price discount.
All of this should come as no surprise to anybody.
On a campaign stop a couple of weeks ago, after a photo op sitting in a Volt, President Obama told a crowd of United Auto Workers:
“It was nice. I bet it drives real good,” he said. “And five years from now, when I’m not president anymore, I’ll buy one and drive it myself.”
Well, he might want to place his order now …
WSJ reports that despite advertising galore, Chevy has sold under 10,000 of the green machines so far — less than 1,000 per month — and GM has decided to idle production of the battery-powered car for five weeks.
The plant had just resumed production on Feb. 6 after a prolonged holiday shutdown.
Former GM Vice Chairman Bob Lutz the main force behind the Volt, said recently that GM’s lofty targets for the Volt are its main problem.
“The Volt is a bases-loaded home run,” Mr. Lutz said. “It will overcome.”
Another GM spokesperson says:
“This technology is here to stay, we have all kinds of people who want to copy it and go after it. We are not re-evaluating anything … The only question here is what the rate of sales will be.”
In other words, great dog food …. it’s just that the dogs aren’t eating it.
Thanks to SMH for feeding the lead
The Homa Files 