Volt owners are getting another lesson in what it means to be on the cutting edge of auto mobility — many will need to bring their cars in for a beefier extension cord.
General Motors has announced it is replacing the cord and charging device that lets owners charge the car from a 120-volt household outlet, according to a report by Reuters. According to Consumer Reports, some Volt owners have complained that their 120-volt charger “overheats during use and have even documented online videos of melted 120-volt chargers.” CR said it has not had the problem in its testing of the car, which is on its “recommended” list.
Read more: http://nation.foxnews.com/chevy-volt/2012/03/25/more-problems-chevy-volt#ixzz1w7h2BBic
NEW YORK (CNNMoney) -- Despite winning a trophy case worth of awards -- including Motor Trend Car of the Year and North American Car of the Year -- the Chevrolet Volt plug-in car has failed to meet GM's sales expectations.
The problem is simple: The car's price is simply too high for most customers to swallow, according to analysts.
GM (GM, Fortune 500) had expected to sell 10,000 Volts by the end of last year, the car's first full year on the market. Actual sales tallied up to only about 7,600.
For 2012, GM had set a goal of about 45,000 Volt sales in the United States alone. That already seems out of reach. GM sold about 600 Volts in January and just over 1,000 in February.
"We had thought they'd sell closer to 30,000," said Mike Omotoso, an industry analyst with LMC Automotive. "Now even that seems optimistic."
http://money.cnn.com/2012/03/05/autos/volt_sales_analysis/index.htm
The Problem with the Chevy Volt in One Paragraph
By Greg Pollowitz
March 5, 2012 10:13 A.M. Comments11
CBS News:
“The oversupply of Volts suggests that consumer demand is just not that strong for these vehicles,” says Lacey Plache, Edmunds chief economist. Plache notes that high price is a drawback. “The price premium on the Volt just doesn’t make economic sense for the average consumer when there are so many fuel-efficient gasoline cars available, typically for thousands of dollars less.”
It’s the economics of the car, stupid. Yes Secretary Chu and Team Obama: I mean you.
http://www.nationalreview.com/planet-gore/292585/problem-chevy-volt-one-paragraph-greg-pollowitz#