Here’s another success story out of Obama’s crony-capitalist economic policy. General Motors is laying off 1,300 workers and halting production of the Chevy Volt because nobody wants to buy the lousy little cars.
“Even with sales up in February over January, we are still seeking to align our production with demand,” GM spokesman Chris Lee said. The car company had hoped to sell 45,000 Chevy Volts in America this year, according to the Detrot News, but has only sold about 1,626 over the first two months of 2012.
“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,” the Ann Arbor (Mich.) News reported. (Read More)
They sound like Obama – blaming everyone else for their failure.