Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

General Motors (GM) appears to be halting production of its Volt, at least temporarily, in the...

  • Monday, August 27, 2012, 7:28 PM ET
    General Motors (GM) appears to be halting production of its Volt, at least temporarily, in the wake of disappointing sales. The plant that manufactures the hybrid sedan is slated to stop production for about four weeks in September and October. Sales of the hybrid sedan haven't met management expectations, selling just over 10K cars in the U.S. versus expectations of 45K through year-end. Shares -0.5% AH.
Track new comments on this story

This news story has 16 comments:

  •  
    No problem. Obamacare can be amended in a second Obama term requiring all families with income over 250 K to purchase a Volt or take in an inter city single mother with Four children.
    27 Aug 2012, 07:32 PM Reply Like
  •  
    GM is doing a much better job with their inventory. There is no point in building too many cars of any type. We can't just dump them somewhere like some countries can. I think Volt sales may pick up as the price of gasoline rises. It just takes awhile for things to catch on.
    27 Aug 2012, 07:57 PM Reply Like
  •  
    Momintn
    I think Volt sales may pick up as the price of gasoline rises. It just takes awhile for things to catch on.
    ======================...
    On other hand, If GM discontinue VOLT for good, price of gasoline may drop

    Disclosure
    Driving Ford Focus 36 miles per 1g, without battery recharge for last 3 year
    27 Aug 2012, 11:32 PM Reply Like
  •  
    gm is good on hype but lacking on execution..the hypwed the volt so much as their savior only to get burned again...Obama wants to say gm is back and thriving so he can get reelected and we have gm hyped before the election
    27 Aug 2012, 08:17 PM Reply Like
  •  
    I am 58 years old. Before I'm put into the ground Government motors will file bankruptcy again. This time maybe they will be able to jettison the UAW.
    27 Aug 2012, 08:56 PM Reply Like
  •  
    It seems US automakers have never been able to handle production of small quantities of niche cars and have consistently ceded those markets and the brand image it provides to foreign competition.

    One would do well to explore how many units the Prius sold in its initial few years by example.
    27 Aug 2012, 09:30 PM Reply Like
  •  
    GM will never thrive as long it's holding onto the government's apron strings. Innovate & execute or die.

    If you make a car that only those in Washington DC or NY can afford to buy, guess what... They made for the Volt for Obama and his friends, I guess he needs more friends.
    27 Aug 2012, 09:36 PM Reply Like
  •  
    Car of the year! Not.
    27 Aug 2012, 10:11 PM Reply Like
  •  
    Wealthy Americans like to buy foreign cars that are subsidized by socialist countries with unions and government healthcare. They just talk about their "values" but when it comes time to spend money they throw their values out the window.
    27 Aug 2012, 11:33 PM Reply Like
  •  
    Psst.... alot of the expensive foreign cars have better styling and performance. Don't be obtuse, people buy what they want - even Obama invested in a Finish car maker.

    I wonder how many people do a background check on the companies, and people that provide goods and services for them, and determine if their "values" align with the common good - prior to making a purchase.
    28 Aug 2012, 08:45 AM Reply Like
  •  
    I know alot of people who attempt to buy American. I wouldn't buy an overpriced European car (primarily because the euro is overpriced) no matter what it looked like.
    28 Aug 2012, 11:25 AM Reply Like
  •  
    I'm not sure how you "attempt to buy American", but regardless I am sure wealthy Americans buy cars they want, not ones that have their home offices in countries that align to their values.

    Car parts come from all around the world, I'm guessing some parts or raw materials in your car come from some socialistic and even communist countries.
    28 Aug 2012, 12:02 PM Reply Like
  •  
    RE: "I'm not sure how you "attempt to buy American"

    Well, you go to market with intent.

    And then you get disappointed.

    And buy something else.

    It's happening to me.

    Also, parts and manufacture are less relevant than where the profits end up. If they stay here - as in you buy American - its better for the domestic economy.
    28 Aug 2012, 03:24 PM Reply Like
  •  
    My point was that if you want based your decision on "values" you don't make an "attempt" because the content of purchase is of less consequence.
    28 Aug 2012, 08:49 PM Reply Like
  •  
    GM is wasting a small fortune advertising the Obama-Mobile with such a limited market ( < 11,000 YTD).

    How many ad dollars per car sold is that for those very irritating Volt ads?
    28 Aug 2012, 04:45 PM Reply Like
  •  
    I love the Volt ads. I haven't seen them lately though, which I think is a big mistake.
    28 Aug 2012, 05:01 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Consumer Articles
More Latest Articles »