It’s a good thing the United States government bailout out General Motors otherwise we wouldn’t have the great Chevrolet Volt that nobody wants:
General Motors has temporarily suspended production of its Volt electric car, the company announced Friday.
GM, which is based in Detroit, announced to employees at one of its facilities that it was halting production of the beleaguered electric car for five weeks and temporarily laying off 1,300 employees.
A GM spokesman told The Hill on Friday that production of the Volt would resume April 23.
“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.
Maintain property inventory is a friendlier way of saying that inventory isn’t reducing because nobody is buying our shitty electric cars. A basic economic lesson exists in this story, the state can’t simply make a market by dumping funding into a program it approves of. While the state keeps trying to create a market for electric cars nobody is willing to pay the Volt’s asking price, partially because most people aren’t setup to charge an electric car.