General Motors announced that it will temporarily suspend production of the Chevy Volt and temporarily lay off 1,300 workers associated with the electric car. Three days prior to GM’s decision to halt production of the Volt, President Barack Obama spoke in Detroit to a cheering crowd at a United Auto Workers union event and declared that after his second term is finished in five years, he, too, will be buying a Chevy 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. “Yes, that’s right,” he reiterated, accompanied by deafening applause…. “The Secret Service wouldn’t let me drive it. But I liked sitting in it,” The President told the assembled audience. “It was nice. I’ll bet it drives real good.”
The Chevy Volt, which has become a political metaphor for Mr. Obama’s failed green energy programs, continues to suffer lackluster sales. GM hoped to sell 45,000 Chevy Volts in 2012. So far, the company has sold just 1,626.