After Obama Blew $3 Billion on the Chevy Volt – GM Suspends Production & Lays Off 1,300 Workers
And they blow up.
General Motors announced today that the company was suspending production of the Chevy Volt and 1,300 workers would be laid off.
Freep.com reported, via FOX Nation:
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.
In 2011, Chevrolet sold 7,671 Volts, but fell short of its initial goal of 10,000.
GM had planned to expand production of its Volt plug-in hybrid to 60,000 this year, with 45,000 earmarked for the U.S.