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Friday, March 2, 2012

After blowing $3 Billion on Chevy Volt GM Halts Production & Lays Off 1,300 Workers

General Motors has told 1,300 employees at its Detroit Hamtramck that they will be temporarily laid off for five weeks as the company halts production of the Chevrolet Volt and its European counterpart, the Opel Ampera.

“Even with sales up in February over January, we are still seeking to align our production with demand,” said GM spokesman Chris Lee.
Read the full story at The Detroit Free Press

GM blamed the lack of sales in January on “exaggerated” media reports and the federal government's investigation into Volt batteries catching fire, which officially began in November and ended Jan. 21.
GM sold 7,671 Volts in 2011, well below GM CEO and chairman Dan Akerson's announced target of 10,000.

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