Moody Eye View

General Motors is halting, for a month, the manufacture of its well-known Chevrolet Volt extended-range electric car.

Automotive News, citing unnamed sources, reports the Detroit-Hamtramck plant will suspend production from Sept. 17 until Oct. 15.

Leaders of the UAW told the plant’s 1,500 union workers about the scheduled downtime last week, the source said.

It would be the second interruption in production for the Volt, which can go 38 miles on battery power before needing a recharge from its gasoline engine. GM late Monday disputed published reports that the move is because of slow Volt sales.

When Government picks winners instead of allowing the market to pick winner they usually pick Losers as surely as the Sun will shine..

Tags: Chevy Volt

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