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Chevrolet Volt production halted – again
Wed, 29 Aug 2012General Motors has revealed that they are to halt production of the Chevrolet Volt for four weeks as sales stay low. Back in March, we revealed that GM were to stop production of the Chevrolet Volt range extender EV as actual sales fell well behind projected sales. At that time – with a production target of 45,000 Chevy Volts in 2012 – GM had managed to flog just 1.626 Volts in the first two months of 2012 so they decided to halt production for a moth as they had 6,300 Volts stockpiled.
Crunch watch Jan 09: the auto industry in crisis
Fri, 30 Jan 2009By Tim Pollard, Ben Pulman and Gareth Evans Motor Industry 30 January 2009 12:39 Friday 30 January 2009• Honda is about to close the Swindon factory for four months when Friday's shifts are finished; the shutdown will affect 2500 of the 3700 staff, who will receive full pay for two months and then 60% pay for the next eight weeks (BBC News)• Porsche has announced a sharp drop in sales and likely profits. It forecasts a 27% drop in 911, Boxster, Cayman and Cayenne sales to around 34,000 units in the six months to the end of January 2009 (Financial Times, subscription required)• Ford wants Washington to do more to stimulate car sales, after posting a record loss of nearly $14.6 billion earlier this week (Detroit News)• Honda's quarterly profit has crashed by 90% – forcing the Japanese car maker to halve its annual profit target (Detroit Free Press)Thursday 29 January 2009• Ford of Europe is a bright spot in the Blue Oval's quarterly results today, making $1.06 billion pre-tax profit in 2008 (up from $997m in 2007). It's the first profit of more than $1bn since 1989 (Automotive News Europe, subscription required)• Volvo suffered a 'disastrous 2008' with a pre-tax loss of $1.46bn.
Ford tops GM in February sales, steers U.S. industry to 13 percent gain
Wed, 03 Mar 2010Ford Motor Co. led the U.S. industry to a 13 percent sales gain in February while topping General Motors in monthly sales for the first time in 12 years.