Chevy to Increase Volt Production by 50 Percent
Posted by Jon Yanca
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Citing "Strong public interest," GM announced that they are increasing production of the Volt by 50% from 30,000 units in 2012, to 45,000.
The declaration was prefabricated the same day President Obama visited the Detroit-Hamtramck works where the Volt is produced. Obama took this visit to declare the $60-billion dollar bailout of GM and Chrysler a success stating it prevented a "brutal, inevitable shot."
All of this comes mere days after UAW leaders released information regarding the expected IPO date for the New GM. There's nothing like "strong public interest" and "increased production" to help along a new stock offering.
Filed in StraightLine
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