GM’s flop in green

posted by
January 17, 2012
Cato Institute
by Patrick J. Michaels  
Posted in Commentary

"At the Detroit Auto Show this week, CEO Dan Akerson admitted that General Motors may have to cut back production of the Chevrolet Volt because the 4,600-plus Volts on the market now are about three times the monthly sales. Other figures put the GM hybrid car’s inventory at an outrageous 120-plus days. By most accounts, 'Government Motors' has stuck with the Volt mainly to please the Obama administration, which still owns a third of its stock in the wake of the 2009 government 'rescue' of the company." (01/11/12)

http://www.cato.org/pub_display.php?pub_id=14008  

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