The following is an excerpt from Rick Aristotle Munarriz, The Motley Fool | March 6, 2012 | DailyFinance.com |
Electric cars have been a surprisingly hard sell in this country, and the road ahead for them is about to get even harder.
General Motors (GM) is temporarily halting production of Chevy Volt vehicles. The Hamtramck plant in Michigan that pieces the battery-powered hybrid together will shut down by the end of next week, and will resume operations five weeks later. (Full disclosure: My wife just bought a new Volt. She loves it, so no buyer’s remorse for her.)
This isn’t the first time the country’s largest automaker has put its Volt assemblers up on blocks. There was a prolonged shutdown during the holidays that didn’t end until early February.
The Volt isn’t selling as well as GM, environmentalists, and plug-in fans expected. News of the production pause is going to make things even worse. Consumers who were on the fence may think twice about snapping up these high-tech rides, fearing that they are on the verge of being discontinued.
Read more visit: DailyFinace.com
