gm halts production of hybrid volt as sales flatline
Last Updated : GMT 22:00:14
Arab Today, arab today
Arab Today, arab today

GM halts production of hybrid Volt as sales flatline

Arab Today, arab today

Arab Today, arab today GM halts production of hybrid Volt as sales flatline

London - Arabstoday

General Motors will suspend production of the Chevrolet Volt for five weeks this spring, a spokesman said on Friday. Disappointing sales of the award-winning plug-in hybrid electric car have left the car firm with too many Volts. Production of the US car and its European version, the Opel Ampera, will be on hold starting 19 March and 1,300 workers will be temporarily laid off. They are expected to return to work on 23 April. Last month at the United Auto Workers conference Obama told car workers that he intended to buy a Volt when he leaves office. \"Volt sales increased in February as compared to January, but we still need to maintain our inventory levels and so we\'re taking this action,\" GM spokesman Chris Lee said. \"We\'re going to build to market demand.\" At the end of February, Volt inventory stood at about 3,600 vehicles, which does not include in-transit vehicles. Car sales in general have been picking up in the US for two years, aided by a shift to more fuel-efficient vehicles. But sales of electric and hybrid vehicles have been disappointing. Auto sales were up more than 10% in the US last year. But sales of \"alternative power source light vehicles\" rose just 2.3%, according to the analysts WardsAuto. The Volt was car of the year at Detroit\'s 2011 auto show, beating Nissan\'s all-electric Leaf to the title. But neither car proved a hit with buyers. GM had aimed to sell 10,000 Volts in its first year but sold 8,000. In January, the GM vice-chairman, Steve Girsky, said the company would wait until June to decide whether to cut back on production of the Volt if sales remained subdued. Edmunds.com senior analyst Michelle Krebs had a more historical take on the car. \"The Chevrolet Volt has had a very rocky go of it, from the very beginning of the launch when confusion emerged about what it was – an EV or a hybrid – to the latest episode with Volts catching fire after NHTSA testing,\" he said. \"This period of high gas prices should have given sales of the Volt and other hybrids and electric cars a lift. Instead, there\'s a wide selection of 30mpg and even 40mpg cars that don\'t carry the hefty premium of vehicles like the Volt so the Volt, Nissan Leaf and others are up against stiff competition.\" The decision to cut Volt production is unlikely to dent GM\'s overall US sales, which have been growing steadily since the firm emerged from bankruptcy in 2009.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gm halts production of hybrid volt as sales flatline gm halts production of hybrid volt as sales flatline

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gm halts production of hybrid volt as sales flatline gm halts production of hybrid volt as sales flatline

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Presenter Sherine Ramahi proud of her career

GMT 06:46 2017 Sunday ,19 November

Presenter Sherine Ramahi proud of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday