Sorry for the “media pun,” but it comes as no shock that General Motors has temporarily suspended production of its Volt electric car. They’re telling us, their 1,300 laid off employees and the unions that production will resume on April 23rd, but I’m not sure I believe it.
I’m assuming this date is based on reducing inventories, but with Volts catching fire faster than you can say “charge my batteries,” I’m not sure that it will be due to sales or attrition. Bet that if your Volt had just spontaneously combusted right before your eyes, that you’d be heading down to your nearest Chevy dealer the very next day for another one. Not.
GM sold just 7,700 Volts in 2011 and was projecting an increase to 45,000 for 2012, but has since pulled this estimate and said it will produce enough vehicles to “supply demand.” And with a sales projection like that, who says GM doesn’t stand for Government Motors?
President Obama, in a speech to the United Auto Workers union this week, said he would buy a Volt “five years from now, when I’m not president anymore.” I have two things to say about this: First, let’s all hope that we don’t have to wait five years before he’s not president anymore, and second, the only electric vehicle I believe he’ll be driving when he leaves the White House on a permanent vacation, is a golf cart.
The two quotes below are from Less Government founder and president, Seton Motley:
“No item better represents the out-of-touch-with-Reality mega-rich – for which Occupy Wall Street claims to have disdain – than the Chevy Volt. A completely ineffectual, absurdly expensive, entitlement-minded, built-and-paid-for-on-the-backs-of-the-99% vehicle that only the super-wealthy can afford.”
“Why isn’t Occupy Wall Street protesting the Chevy Volt? And demanding that President Obama not benefit from the $65+ billion and counting he continues to pour into the Crony Socialist auto bailout and the Volt?”