Friday, it was reported that GM is halting production of the ludicrously expensive Chevy Volt for 5 weeks due to excess inventory.
With gasoline prices at an all-time high for this time of year, if you can’t sell the Hopenchangemobiles now, when will you be able to sell them?
Mitt Romney has been out of the venture/private equity game for nearly 20 years and he’s still making $20 million a year from it. Obama has thrown several billion down a rat hole and wants throw through several billion more down the same hole despite a string of Green bankruptcies to show for his prowess in backing start-ups.
Meanwhile, CNBC’s in-house auto flack says the market is just “taking a pause” before buying millions of electric cars…
