. GPS News .




.
CAR TECH
GM suspends production of electric Volt
by Staff Writers
Chicago (AFP) March 2, 2012


General Motors said Friday it has suspended production of its electric Chevy Volt for five weeks in order to match supply to weak demand.

"We're going to take five weeks of downtime at the plant as we are going to build to what the market demands," spokeswoman Michelle Bunker Malcho told AFP.

"We had a great month in February (over 1,000 in sales) and are very pleased with what we see happening in the marketplace especially with Volt now being eligible for HOV lanes in California."

GM sold 8,000 Volts last year, less than the 10,000 units forecast in its first year.

Despite the low volumes, the Volt has paid dividends in terms of helping the once-struggling automaker's attract new customers and burnishing its green credentials. The Volt was the first plug-in to reach the US market.

GM's head of product planning said the automaker should know by May or June if the Volt has the "legs" to succeed in the market.

"The fact that GM is now facing an oversupply of Volts suggests that consumer demand is just not that strong for these vehicles," said Lacey Plache, chief economist at the automotive website Edmunds.com.

"The price premium on the Volt just doesn't make economic sense for the average consumer when there are so many fuel-efficient gasoline-powered cars available, typically for thousands of dollars less."

Related Links
Car Technology at SpaceMart.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



CAR TECH
The world's biggest car makers in 2011
Paris (AFP) Feb 29, 2012
An expected venture between General Motors of the United States and French group PSA Peugeot Citroen is set against the background of severe restructuring by many groups in response to the recent global financial crisis. In the last 25 years, takeovers, deals and alliances have periodically changed the landscape of the global auto industry as manufacturers adapted to competition, first from ... read more


CAR TECH
Chinese land rights 'must not be violated': Wen

Researcher tracks agricultural overuse of bug-killing technology

Japan touts food in major Hong Kong market

Wild cereals threatened by global warming

CAR TECH
UBC researcher invents "lab on a chip" device to study malaria

Solving a Spintronic Mystery

Transforming computers of the future with optical interconnects

Penn Researchers Build First Physical "Metatronic" Circuit

CAR TECH
Hong Kong Airlines may cancel A380 order: report

ISRO bets on satellite navigation for aviation services

Boeing to sell ten 777s to China Southern

Aircraft of the future could capture and re-use some of their own

CAR TECH
Toyota projects higher sales in Europe despite poor climate

GM suspends production of electric Volt

The world's biggest car makers in 2011

Cheaper battery power heralds electric car

CAR TECH
China's passion for fashion on show in Paris

Japan manufacturers in post-tsunami rethink

Ecuadorans protest China mine project at embassy

Rio Tinto says able to weather Chinese slowdown

CAR TECH
Floor of oldest forest discovered in Schoharie County

Paper giant 'pulping protected Indonesian trees'

Penn researcher helps discover and characterize a 300-million-year-old forest

UN recognizes US Girl Scouts for palm oil effort

CAR TECH
Europe's Global Monitoring for Environment and Security Program Examined

Sciamachy - 10 years monitoring climate in space

GPM Microwave Imager Instrument for NASA and JAXA Mission Arrives at Goddard

China's advanced remote sensing satellite operating soundly

CAR TECH
New measuring techniques can improve efficiency, safety of nanoparticles

Nanofiber Breakthrough Holds Promise for Medicine and Microprocessors

Novel method to make nanomaterials discovered

New study may lead to MRIs on a nanoscale


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement