GM Shells Out Cash “to stay in the electric vehicle game.”

GM is sitting on 4.5 months of slow-moving Volt inventory, says the Detroit News. To make matters worse, production on the 2014 model is about to start. To make a dent into the 140 days of Volt supply, what do you think GM will do? You guessed it, they don't call you the Best & Brightest for nothing. GM offers $5,000 off 2012 Volts (yep, there still are a few sitting around) and $4,000 off 2013 Volts, Chevrolet spokeswoman Michelle Malcho told the Detroit paper. Alternatively, the Volt can be leased for $269 a month for 36 months, with $2,399 due at signing, or bought with zero percent financing for 48 months, and receive $3,000 in cash off the price. The DetN was told that "GM has increased its incentives to stay in the electric vehicle game." Volt sales were up 1.4 percent to 7,157 vehicles through May. Volt sales have fallen for the past three months. from The Truth About Cars http://www.thetruthaboutcars.com

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