About GM's inventory …

Monday, December 10, 2012
Chris Woodward (OneNewsNow.com)

Questions remain about last month's Chevy Volt sales and GM's decision to cut production on multiple vehicles to reduce inventory, but one critic of the GM bailout thinks he may have an answer.

Motley, SetonAround the same time November sales of the Chevy Volt were down 50 percent from the previous two months, GM announced it has a bigger stock of trucks and cars than last year. Seton Motley, president of Less Government, wonders how that could have happened.

"How do they make a company-wide mistake of that magnitude that they basically have to shut down production just after the election," he asks.

He goes on to present one explanation.

"One does not have to be a conspiracy theorist to analyze this and say, 'Perhaps, just perhaps, General Motors was acting in Government Motors capacity to aid and abet the reelection of Barack Obama,'" the critic submits.

Bumper stickers celebrating the continued existence of GM were spotted throughout this year's Democratic National Convention, and the auto bailout was a topic in the debates.

Regardless, GM reps have been quoted as blaming the November sales dip for the Volt on sparse inventory in California, where one-third of Volts are sold. Still, Motley tends to doubt any Volt sales numbers.

"They count leases as sales, and they count leases as low as $159 a month on an $89,000 vehicle," he explains. "That's how much it costs GM to make the car. They only sell it for $40,000."

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