The Obama administration is helping General Motors again by buying up its struggling line of electric cars.
The Department of Defense has begun purchasing
GM loses up to $49,000 on every Volt it builds; it has sold only 13,500 Volts this year, 33.75% of its 40,000 goal; and the assembly plant that makes Volts will be closed for four weeks beginning September 17 due to low sales.
GM's initial investment in the Volt was over $1 billion, and since its release, the company has spent even more trying to re-engineer the vehicle for a flaw which has led to it catching fire when charging overnight.
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