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Keyword: failedbailout

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  • GM temporarily halts production of Volt

    03/03/2012 8:15:02 AM PST · by null and void · 45 replies
    The Hill ^ | 03/02/12 03:39 PM ET | Keith Laing
    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. Lee noted that sales of the Volt were higher in...