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Friday, August 24, 2012

Mitt Romney Credited For Sagging Chevy Volt Sales

He's not president yet but Mitt Romney gets blamed for the disastrous Chevy Volt sales. Quoting Businessweek on General Motors CEO Dan Akerson;
"He again said that politics have affected Volt sales. GM reorganized under a U.S.-backed bankruptcy in 2009, which has been criticized by Republicans, including Mitt Romney, the party’s presumed presidential nominee. The U.S. holds a 32 percent stake in the automaker."
Well at least he didn't give Akerson's wife cancer. The bailout did damage the GM brand but Volt sales have been pretty tricky for Mr. Akerson to predict. He forecast sales of 25,000 for 2011 and got 7,671. For 2012 the magic number was 120,000 so far Akerson and GM have sold 10,666, tracking about 19,000 for 2012. If only Newt Gingrich had won the nomination GM would on easy street.

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