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| Volt production will stop for five weeks from March 19 -April 23 in order to curb rising inventory. (915719) | |||
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Volt production will stop for five weeks from March 19 -April 23 in order to curb rising inventory. |
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Posted by streetcarman1 on Fri Mar 2 17:12:57 2012, in response to Chevy Volt production shut down, 1300 workers laid off, posted by Chris R16/R2730 on Fri Mar 2 16:53:04 2012. Sorry folks....Chris the ALARMIST doesn't know when to stop:From AUTOGUIDE.COM: Chevrolet Volt Production Halted, Workers Temporarily Laid Off 02/03/2012 | By: Jason Siu Earlier today we reported that the Chevrolet Volt sales nearly doubled in February, but doesn’t seem to have made a difference. General Motors announced today that Volt production will stop for five weeks from March 19 through April 23 in order to curb rising inventories of the plug-in hybrid. “We need to maintain the right inventory levels and continue to meet demand,” GM spokesman Chris Lee said. 1,300 workers at the Detroit-Hamtramck assembly plant will be temporarily laid off as the plant shuts down. At the end of February, GM had a total of 6,300 Volts left in inventory, which could last them almost half a year based on current sales rates. The Volt is an important vehicle to Chevrolet, but also the industry as a whole. As the flagship range-extended EV to land in the American market, it serves as a barometer for EV sales sustainability. There’s no question other companies that are later to the party, like Ford with its all-electric Focus, will be watching closely. If the Volt continues to suffer, it might be a strong indicator of how other manufacturers approach the EV market. On the up side, if the Volt continues to be a poor seller, folks may find the price dropping to a more palatable level than the current $39,145 MSRP, which could represent substantial savings when paired with federal tax credits. [Source: Automotive News] |
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