The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Friday, March 02, 2012
GM Halts Production of Volt
Well, what do we have here? I thought everything was going so well for the Chevy Volt. At least, that message was conveyed in its most recent television advertisement. In that commercial, the narrator says, "This isn’t just the car we wanted to build. This is the car America had to build.” The only problem is that the demand was so weak, in spite of GE buying 12,000 of them in January, that GM has decided to cease production for five weeks and 1,300 employees were given the "pink slips." We may have seen the end of this so-called infamous green car. This is the car that GM's CEO Daniel Akerson testified before Congress in January in which he said, "We engineered the Volt to be a technological wonder."
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