One of the accomplishments that President Obama is citing on his ‘stump speech’ is his bailout of General Motors. So far the taxpayer has lost about $25 billion on the bailout. I have posted a number of articles about the lack of sales of the Chevy Volt during the past year (you can use the search engine at the top of this site if you want to read them). The bottom line is that even with the government paying customers to buy the car, the car is not selling. There have also been a number of fires in the Chevy Volt after minor accidents.
The article reports:
“We are not idling the plant due to poor Volt sales. We’re gearing up for production of the new Impala,” Chevy spokesman David Darovitz said in an email.
Maybe I just don’t understand business, but it seems to me that if a car is selling well, you don’t suspend production of that car for a month.