President Barack Obama says he wants to buy a Chevy Volt when he’s out of office in five years. If getting into a General Motors electric automobile means so much to him, he’d better hope he loses in November. What the president dubbed the “car of the future” in a visit to a Volt plant may not make it to January 2017.
The partially government-owned General Motors has suspended production of its government-approved miracle car and temporarily laid off 1,300 workers at a Detroit plant. The halt is the result of a piddling detail lost in the gushers of praise for a big, bad car company supposedly learning the error of its environment-destroying ways — people don’t want to buy the damn thing.
GM hoped to sell 10,000 Volts last year and sold only 7,500. It planned to sell 45,000 this year and is scaling back production to meet the real rather than the imaginary demand. The Volt is the Solyndra of automobiles, another Obama-touted recipient of government subsidies that was succeeding as a great paladin of the future in all the speeches and press releases until it ran into hard market realities.