Wow! I am stunned that anybody in the world is stunned that the Chevy Volt is suspending production to 'align production to the lack of market demand'. Golly, you mean if you make something that is overpriced, underperforms and has no viable place in the market it fails? Knock me over with a feather.
This from GM Spokesman Chris Lee:
"We needed to maintain proper inventory and make sure that we continued to meet market demand," GM spokesman Chris Lee said in a telephone interview.
That 'continue to meet market demand' is rich to say the least. I have written several times about this administration's attempts to manipulate the markets to better align with the their world view of exactly how Americans should behave. And just like every other attempt to rig the market it has become a colossal failure. Color me shocked! Between the technical failures and market price of this, um, product I'm surprised they sold as many as they did. But didn't P.T. Barnum once say 'there's a sucker born every minute'? Well apparently there were over 7,000 of them who bought this explosive lemon.
GM CEO Daniel Akerson has a different take on why exactly the Volt hasn't exceeded the paltry 10,000 unit mark:
"We did not develop the Chevy Volt to be a political punching bag," General Motors CEO Daniel Akerson testified before Congress in the same January hearing. "We engineered the Volt to be a technological wonder."
Do you see what he is trying to say here? The reason for the Volt's failure is not the fact that it's a rolling toxic bomb - no, the reason it failed is the fact that the bible toting/gun clinging public is too stupid to see the geniusness of this modern marvel.
News flash Mr. Akerson, your precious marvel didn't even make the top 12 Greenest Car list this year.
I would say this is a victory for the market, but given the billions of taxpayer dollars that were flushed down the toilet on this project let's just call it a draw.
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