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Entries in GGeneral Motors (2)

Friday
Mar022012

GM to Temporarily Halt Chevrolet Volt Production Due to Poor Sales

General Motors(DETROIT) -- At least 1,300 workers will be temporarily laid off following a decision by General Motors to halt production of the Chevrolet Volt.

GM confirmed that for five weeks the company will suspend production of the hybrid electric car in the spring due to disappointing sales, reports the Guardian.

Production of the Volt and the Opel Ampera is expected to stop from March 19 to April 23. The announcement comes a day after the company released February sales figures which showed an increase of 1.1 percent from Feb. 2011.

Copyright 2012 ABC News Radio

Wednesday
Jun012011

GM Sales Down 1.2% in May; Volkswagen Up 27.9%

Joe Raedle / Getty Images(NEW YORK) -- Volkswagen reports sales up 27.9 percent from a year ago. Such a jump wasn't replicated by General Motors. GM says it sold 1.2 percent fewer cars in May than it did in 2010.

The two companies are the first automakers to report May tallies.

GM, the largest U.S. car company, credits the decline to a decision to cut sales to rental car companies.

According to analysts, other car company sales may also be off pace, adducing that the tsunami and earthquake in Japan may have affected numbers.

Copyright 2011 ABC News Radio








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