After Obama Blew $3 Billion on the Chevy Volt – GM Suspends Production & Lays Off 1,300 Workers

Barack Obama blew more money on the Chevy Volt than the entire annual GDP of Belize.

And they blow up.

Now this…
General Motors announced today that the company was suspending production of the Chevy Volt and 1,300 workers would be laid off.
Freep.com reported, via FOX Nation:

General Motors has told 1,300 employees at its Detroit Hamtramck that they will be temporarily laid off for five weeks as the company halts production of the Chevrolet Volt and its European counterpart, the Opel Ampera.

“Even with sales up in February over January, we are still seeking to align our production with demand,” said GM spokesman Chris Lee.

Lee said employees were told Thursday that production would put on hold from March 19 to April 23.

The Chevrolet Volt, an extended-range electric car, is both a political lightning rod and a symbol of the company’s technological capability.

Chevrolet sold 1,023 Volts in the U.S. in February and has sold 1,626 so far this year.

In 2011, Chevrolet sold 7,671 Volts, but fell short of its initial goal of 10,000.

GM had planned to expand production of its Volt plug-in hybrid to 60,000 this year, with 45,000 earmarked for the U.S.

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  • 8 My Foot

    What a total and complete joke obama’s (D) regime has become.

  • “Chu” on that, Mr. “A-” Energy Secretary.

  • FU#K OBAMA

    Not a word about RINO Mitch McConnell’s refusal to allow Obamacare to come up for a repeal vote before the next election….

    all you hear is silence as the RINO’s take away our freedoms

  • James

    obama causes another 1,300 workers to be layed off. Using the obama math, that should drop the unemployment rate another 2/10 of a point. Happy days are here again!!

  • patman

    That’s Re-Volt-in…

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  • Economan

    If these numb-**ts in the WH would only listen to Milton Friedman instead of Keynes and Marx, maybe that tax-payer money could have been put to better use. But we all know what the definition of insanity is right?

    And they STILL won’t learn their lesson.

  • P. Aaron

    SHOCKING!

  • Redlite

    Just another good example of how bad a centralized economy works. The Soviets must be laughing themselves silly.

    ‘Bout time for an American Spring!

  • FreakyBoy

    Remember:

    When GM says “layoff”, it means “lengthy paid vacation” via government bailout dollars.

    So don’t shed a tear for these wonderful folks.

    (on a side note: now adding the layoff cost to the production cost, credits cost, bailout cost, advertising cost, etc…. does this bring put the average cost of a Volt above $300,000 per unit? Just askin’.)

  • Texas_Treeroach

    How is it possible ?!!?
    No Volts — I’m shocked !!!

  • injunjoe

    i guess obongo could’ve sold them to the suicide sand knee grows so they could blow themselves up…

  • wtd

    GM suspends production of 2012 Volt to . . .align our production with demand . . .uh huh. R-I-G-H-T, sure.

    Oh, what is one to believe with this admin and it’s [p]sychophants? . . .

    BO wants 1M Volts on the road by 2015

    even if it takes manipulating sales:

    Town Uses Federal Funds to Buy Chevy Volts

    “Made-In-The-USA” KEY ISSUE for campaign trail

    GM Record Profits . . .but mixed success

    Obama: I’ll Buy a Chevy Volt After My Presidency Ends

    Why exactly are taxpayers shelling out $10k per Volt when it doesn’t even make the BOTTOM of the list for the greenest vehicles of 2012?

    <a href="http://lonelyconservative.com/2012/02/ge-switching-fleet-of-company-cars-to-chevy-volts/Internal Memo leaked revealing GE forcing employees to switch to Volts to access reimbursement costs

  • democraps suck

    I could take a 10 year old that could do a better job…of course that 10 old would not be a commie Marxist mooslum…but would be an American…get the F out of America ozero

  • kato

    Government-owned GM and Chrysler rescinded applications for Energy Dept. handouts recently. Voluntary? Don’t bet on it.

    First Solar, the largest solar-energy firm, has taken a writedown of over $400 million and faces the cost of replacing panels which are not standing up to desert heat, where most of them are installed.

    Bright Automotive, a company that has been awaiting up to $400 million, has shut its doors. Energy promised the money, then suddenly imposed a mandate that the company described as “outlandish.

    A firm announced it was laying off 300 people, stopping production at its Colorado plant and cancelling plans to build a plant in Indiana.

  • kato

    The Colorado company noted at #14 above was Abound Solar. It had received $70 million in Obama Money and was awaiting up to $400 million more.

    Green start-up Aptera Motors closed its doors in December.

    The failures of the Subprime Messiah just keep piling up.

  • kato

    Why did Solyndra get its $500 million while Bright Automotive waited since 2008 for a promised handout that never arrived? I guess we’d need to look at the Obama donor list.

    Let’s never make this “historic” mistake ever again, America.

  • USAF-77-84

    Drudge report says Gov’t Motors blames the media. they sound like obama, blaming someone else for their stupidity.

  • kato

    By the way, those Government Motors employees will be back on the job, just as soon as Subprime signs the order mandating that federal employees start driving Volts.

    The taxpayers, already burned once, will get burned again, but Subprime will be able to keep on lying about how he’s saved the auto industry.

  • shibumi

    It’s only a five week layoff. No biggie. The auto companies do this occasionally when cars aren’t selling.

    /you mean people aren’t buying the Volt? Really? Surely you jest!

  • patman

    My neighbor can’t afford new tires for her Smart car.

    Seriously!

  • Mandy

    I believe it was the CEO of Audi that said “The Chevy Volt is a car for stupid people.” Well said.

  • Jeffery

    The Detroit Free Press article says nothing about $3 billion. Hoft added that part based on….

    Anyone familiar with the auto industry understands they have temporary layoffs because of inventory or model changes.

  • Barry’s reverse Midas Touch strikes again, everything he throws our tax dollars at turns to FAIL. Just like how every country he gets involved with becomes ruled by jihad, and just about every candidate that he has stumped for lost their election/re-election bids. Obama’s meddling is the KISS OF DEATH.

  • Jimmy

    When in doubt, just remember Ohm’s Law: E = I R

    Volts = Current x Resistance

    The Resistance to the Chevy Volt is high, but currently, the Current is almost Zero – like the President.

  • FurryGuy

    #22 March 2, 2012 at 5:33 pm
    an idiot drooled:

    So did Barry blow US$3B or not? Better go get an up-dated talking points memo.

    One DNC propaganda outlet reports only the news the administration wants, so telling the full story the government wants hidden is somehow wrong? You only like investigative reporting when it reinforcing your blatant bias?

  • Jeffery

    Cheering layoffs? Why do you hate America and Americans?

  • patman

    Jeffery commented:

    Cheering layoffs? Why do you hate America and Americans?

    Reply:

    Nobody cheers layoffs. We cheer for an America without Union bullies pulling the strings of puppet commie leaders.

    Unions and Democrats and liberal policy took down the mighty GM. The Volt is crap and people aren’t shoveling it anymore.

  • Sasja

    Only dolts buy Volts.

  • FurryGuy

    #26 March 2, 2012 at 5:53 pm
    a braindead moron babbled:

    Cheering layoffs? Why do you hate America and Americans?

    The only one I see cheering layoffs is you trying to spew your talking points.

    Nice try, but EPIC Fail on your part. Try again, you might actually rise above being a mental midget next time.

  • ebayer

    $3B/9,623 = $311,753 per car

  • Marmo

    So it cost us taxpayers $3 billion to lay off 1,300 workers? Is Obama awesome or what?

    I wonder if he still wants to buy a Volt when he gets out of office?

  • USMC Thomas

    28 February 2012 SØBama speaking about the Volt:

    “Five years from now when I’m not president anymore, I’ll buy one and drive it myself,” Obama promised 1,600 auto workers at a United Auto Workers union event in Detroit on Tuesday.

    God willing, SØBama buys one in 9 months.

  • kathteach

    The way the auto industry (the UNIONIZED auto industry) has always worked is to “temporarily lay off production lines so they can get on the government dole (unemployment plus union bennies) while they retool or re=assess production or just decide to suck the government dollars until a new line is up and running.

    If anyone thinks this is new “news” they are crazy. It’s been the ‘modus operendi’ of the auto companies in America forever.

    Why do you think foreign cars produced outside the USA started to become the better deal back in the 1980’s?

    Corporate welfare up until Obama. He did change things……he made almost all of American auto production a socialist, nationalized enterprise. But do not blame Obama for this crap about laying people off – this alone has always been the dirty secret of American car manufacturers and their “legacy laden” union produced cars.

    Well – maybe not always. But certainly not an “only Obama” thing. I wonder myself when it started but I know it had to have started in the 1960’s or 1970’s.

  • jainphx

    Everything this POS touches turns to SHIITE. Please for the love of all thats holy don’t touch nothing, keep your damn hands in your pockets till a grownup real American can sit where you are now.

  • EBL

    Shocking, or rather schlocking!

  • bg

    ++

    OT..

    March 2, 1012

    Obama: US Military Strike On Iran Is No Bluff

    he finding out which side his campaign fundraisers are really on..

    ==

  • Texas_Treeroach

    # 17 — USAF-77: Drudge report says Gov’t Motors blames the media . . .

    I hear the GM’s lies, loud and clear – every night!

    I watch FOX exclusively. Every other commercial is either GM Volt or GE industrial equipment (sappy crap, designed to make you think THEY care whether a cancer patient survives or one of their jet turbines doesn’t fail in mid-flight).

    In a way, I appreciate the irony: FOX takes their money for the commercial spots, and then turns around to slam them on commentaries and talk shows (At least there’s some pay-back for all the money these rat-bast_rds took from the taxpayer and/or sent to China).

    Every time I see a Chevy on the highway, I think: Part of that belongs to me – And I want it BACK!!

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  • mg4us

    I am sure many Americans could build cars that blow up for less than the $3B Obama spent!! And didn’t Obama say he wants to drive one when he leaves the White House. . .LOL.

    Obama is so Incompetent that he knows he is in trouble. . . that is why he compares himself to Gahdi hoping to buy more time. . but consider this as to why Obama is scared

    http://www.americanthinker.com/2012/03/ten_indications_that_obama_is_scared.html

    “There is no real improvement in any sector in America. Obama’s biggest problem is that the economy is being held together with paperclips and Band-Aids. The fragile nature of things does not bode well, so even the slightest uptick in inflation will wreak havoc on the deficit.”

    And with our luck those Band-Aids will be recalled by J&J like the string of their other Consumer products for quality issues and deficiencies.

    That is why Obama and the media are trying to distract Americans with a phony Birth Control issue rather than discussing the real issues that ails our country.

    yes. .Obama should be nervous! November 2012 can’t come soon enough!!

  • Warthog

    Now, to be fair, they don’t explode.
    They just burn, very, very hot.
    (Oh, and the range sucks…)

  • Buffalobob

    Chu to obama, “now that production of the volt has stopped, ceased is no more we can keep up with the demand”. To which obama responds, ” show me that shiny spinning thingy again”..

  • Jeffery

    It seems today the punditista have been led to consider the age of a Georgetown law student, the Chevy Volt, Rush Limbaugh, Obama’s birth certificate, Obama college video, and that Obama had Breitbart assassinated. All useful information in today’s world.

  • Jeffery

    Forgot to add… everything you were told today was misleading.

  • FurryGuy

    #43 March 2, 2012 at 7:37 pm
    a horse’s ass bloviated:

    Forgot to add… everything you were told today was misleading.

    Every time you spew a comment I know now you only utter lies. Thanks for admitting you regurgitate only talking points.

  • Blacque Jacques Shellacque

    Hey, it’s only taxpayer money…

  • Adirondack Patriot

    Three things you don’t want to hear in life:

    1. Welcome aboard, ladies and gentlemen, I am your Italian ship captain. . .
    2. So, I invested all of your money based upon my years of experience in Greek finance. . .
    3. Congratulations. GM has decided to hire you and want to assign you to our Volt assembly plant. . .

  • Sasja

    Chu admitted this regime does not want lower gas prices. I guess they thought by keeping prices high, they will be able to force people into these stupid electric cars. Why else would GM build 45,000 for the US market? Do people even stop to think what fuels are burned so they can charge these overpriced jokes? Let’s not even mention the amount of pollutants that are thrown into the atmosphere just in manufacturing those $20,000+ (when you have to replace it) batteries.

  • MilitantCatholic

    I still can’t believe Obama decided to wade into this mess. THIS is the hill he wants to make his stand on now? With all that’s going on? Against Limbaugh – a pro? Does he really think this will take attention away from the awful state our country is in now?

  • bg

    ++

    Sasja #47 March 2, 2012 at 8:16 pm

    re: [Chu admitted this regime does not want lower gas prices.]

    June 2008

    Obama on high gas prices

    November 2008

    Obama Promises Skyrocketing Energy Prices

    March 25, 2009

    Obama’s espousal of cap-and-trade, a system that is intended,
    among other things, to increase the price of fossil fuels and force
    their replacement by energy sources that produce less greenhouse gases,

    scroll for more here & here..

    WE HAVEN’T MADE THE INVESTMENT BECAUSE OUR REPRESENTATIVES
    AND UNIONS ARE WAY TOO BUSY RIPPING ‘WE THE TEA PEOPLE’ OFF..

    ==

  • FurryGuy

    #47 March 2, 2012 at 8:16 pm
    Sasja commented:

    Chu admitted this regime does not want lower gas prices. I guess they thought by keeping prices high, they will be able to force people into these stupid electric cars. Why else would GM build 45,000 for the US market? Do people even stop to think what fuels are burned so they can charge these overpriced jokes? Let’s not even mention the amount of pollutants that are thrown into the atmosphere just in manufacturing those $20,000+ (when you have to replace it) batteries.

    Irrespective of that, where does the electricity come from that powers these new green toys? The national power-grid is already over capacity and soon to collapse according to numerous government studies. And power generating plants are being closed because they aren’t green enough for the EPA. Now add thousands of electron-sucking vehicles that have to be recharged daily for many hours and you end up with what?

    A country past collapse economically and in reality.

  • bg
  • bg

    ++

    re: #49 March 2, 2012 at 9:15 pm bg

    Crony Capitalism

    [The largest banks are actually bigger than they were when he took
    office. And earned more in the first two-and-a-half years of his term
    than they did during the entire eight years of the Bush administration.]

    [Democrats beat the market by 73 basis points per month, compared
    to 18 for Republicans. That’s a rout anyway you look at it. Senators
    fare even better than house members.]

    ==

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  • Jeffery

    #50 FunnyGurl
    a dick ejaculated:

    “Irrespective of that, where does the electricity come from that powers these new green toys?”

    jeezus gawd, where indeed

  • Johnny “Stanford” Davis

    I read that Chevy was blaming the media on this one for making a molehill out of a small problem. The media is one of the most corrupt institutions in America. No wonder they would try to kill a green car for no reason.

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  • Adi

    I like how they blame it on the media and play the victim.

    Toyota got a string of bad raps as well, and they were forced to withdraw hundreds of thousands of units.

    Of course The Media was to blame, otherwise the cars were perfect. Of course the no 1 car seller/manufacturer on the planet is still blaming The Media, while at the same time claims the designs were flawless and demands a $4 bn bailout from the Japanese government.

    Mr. Yoshihiko Noda the Japanese PM went on record saying: “while I never drove a Toyota in my life, after my mandate is over, I will happily drive one”.

  • Adi

    #54

    Algae?

  • this is good economic news. now those 1300 workers can collect unemployment checks and stimulate the economy.

  • #52 bg…the goal of socialism is one bank. socialists believe in monoply not competition.

  • bg

    ++

    tommy mc donnell #60 March 2, 2012 at 11:23 pm

    yeah, they’re working on it, haven’t you heard we’re a SHARIA
    COMPLIANT STATE
    to go along with the SHARIA COMPLIANT
    COURTS
    ??

    btw, the powers that be are recycling the housing bubble..

    didn’t you listen to Obama, it’s going to
    take him longer than he expected.. /s/

    yep, the NWO going to be rolling in a lot faster now.. *sigh*

    ==

  • Blacque Jacques Shellacque

    btw, the powers that be are recycling the housing bubble..

    They’re trying to, but prices are still slipping.

    All this intervening only serves to prolong the pain and delay any recovery, and yet it keeps on coming…

  • bg

    ++

    #62 March 3, 2012 at 1:19 am
    Blacque Jacques Shellacque

    sell high, foreclose, by back in
    volume = cheap = resell high,
    etc..

    ==

  • bg

    ++

    re: #63 March 3, 2012 at 1:42 am bg

    actually typed something along the following lines before
    i changed my mind.. or perhaps it’s more like i’m losing it
    hey?? 😀

    sell high, foreclose, by back in volume = cheap = resell high, etc..

    until everyone moves out of the burbs & settles
    in “communities” ala NYC rat holes & ghettos..

    ==

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  • kato

    Many of the Section VIII parasites in my neighborhood don’t appear to have cars. I help pay their rent, their food, their utilities, their medical bills, and for the care (such as it is) and feeding of their bastards. Why shouldn’t I also pay to hand them a car, especially since I’d also be helping another group of parasites who carry a union card?

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  • RS

    “We engineered the Volt to be a technological wonder,” – GM executive

    “It’s the car America had to build.” – GM commercial

    Perhaps if they had engineered the Volt to be a car that people actually wanted at a price they could afford, they would not need to shut down production. But this is what happens when you “have to” build a car for ideology and not for consumers.

  • bg

    ++

    re: GM

    Obama Gives Chrysler To Libya & Muammar Gaddafi

    just follow the links, or not, your choice..

    ==

  • Ida

    Another gross waste of our tax dollars to yet another stupid idea that no one wants. If he’s not wasting money bailing out failures, or taking over industries, or partying like it’s 1999, he’s wasting it on stupid impractical ideas! Sure…it’s not HIS money he’s wasting. It’s OURS.

    Please do your children and mine a big favor….vote this idiot out of office!

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  • Les

    I never realized how many ignorant people there are in the United States. Obama didn’t have anything to do with the Volt. But make sure you believe every right wing crack pot out there.