Advertisements

Chevy Volt Production Halted Again,When Government Picks Winners And Losers They Usually Pick Losers

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..

Advertisements

Tags:

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: