As Tyler Durden observes, "color us surprised:"
GM is set to idle the plant where it assembles the Chevy Volt for four weeks - starting next month. GM will close its Detroit-Hamtramck plant from Sept 17 to Oct 15 with its 1500 staff being made aware by union reps at the end of last week. The knock-on effect is relatively obvious as the illustrious government-owned auto manufacturer notified suppliers last week and while a GM spokesperson would not confirm the planned shutdown, we couldn't help but raise an eyebrow at the comment that "we continue to match supply and demand" as we note this is the second time this year that GM has throttled back on Volt production.
The Detroit-Hamtramck plant was idled from March 19 until April 16 amid swollen Volt inventories.
And don't even get me started about the Dealergate Scandal (during which the Obama administration closed dealerships based upon political motivations), a scandal later confirmed by "Auto Czar" and Obama crony Steve Rattner.
Chart: Yahoo! Finance.