Even with the new HOV-eligible 2012 Chevrolet Volt models heading to California and sales up in February, General Motors has reportedly decided to shut down production of the plug-in hybrid for five weeks because of overall sluggish sales. With a 150-day supply of Volts sitting on dealer lots around the country, this shutdown will temporarily lay off 1,300 employees.
What’s perhaps even more interesting is that this production hiatus comes after a lengthy “holiday” retooling break that only ended in early February. The upcoming shutdown is scheduled to last from March 19 to April 23. As a GM spokesman told MLive, “We’re matching our production levels with demand and building to market.”
Just another example of the failed and miss-guided decisions coming out of Obama who doesn’t have a clue how an economy operates.
Obama’s failed green initiatives have costed us billions of dollar. What else is next?