General Motors Co. will extend a planned suspension of Chevrolet Volt production for an extra week this summer to control inventory, even though the electric car posted record sales in March, the Associated Press reported.
GM noted that it could cancel that extra summer week if sales follow the mark set in March, when 2,000 Volts were sold. In comparison, 1,023 were sold in February and 603 moved in January, AP said. GM sold 7,671 Volts in 2011.
The plant is already on a temporary shutdown to manage inventory. The factory went idle on March 19, and is slated to remain closed through April 23, AP said.
The car’s starting price sits just shy of $40,000, but buyers are eligible for a $7,500 federal tax credit, as well as other credits in some states, AP said.
The Volt can travel about 35 miles on battery power before a small gas engine kicks in to generate electricity for the battery, which propels the car. The Volt can be recharged from a 110-or 220-volt charging outlet, AP said.