NEW YORK (TheStreet) -- On Friday, GM announced its third pause in the production of the Chevrolet Volt since manufacturing begun in late November 2010. The two previous breaks were in June-July 2011 and most recently in an extended holiday break ending February 6, 2012. This time, the pause will last five weeks, from March 19 to April 23.
Unlike in the two previous breaks, in this latest move GM is saying
that sales are slow, so that manufacturing needs to slow down accordingly. A prominent and well-publicized article late last week alleged that GM is engaging in channel stuffing with the Chevrolet Volt.
Chevrolet Volt
As in turns out, widely available evidence hiding in plain sight
totally disproves the thesis that there is too much Chevrolet Volt
inventory at Chevy dealerships. To the contrary, the evidence clearly
shows that Volt inventory is at an almost insanely low level, far
lower than essentially all other cars.
...
Click to view a price quote on GM.
Click to research the Automotive industry.
Comments