GM is idling the plant that makes Chevy Volts. This could be a huge money saver for the company; it loses $49,000 on each Volt sold.
GM has produced an over-designed, under-performing, politically-correct vehicle that they are trying to sell for twice the price of a Honda Insight or entry-level Toyota Prius. Unexpectedly (to borrow a word from Prof. Reynolds), the Volt isn’t selling like hot cakes.
Math is hard, but most car buyers seem to understand the problem with the arithmetic of the Obamacar.
UPDATE–Erika Johnsen at Hot Air believes that the Volt might have turned out better without federal government meddling.
Ya’ think?