A report on the seven worst product flops in the U.S. from 24/7 Wall Street that was re-posted on Yahoo Finance includes two vehicle introductions, the Chevrolet Volt and the Fiat 500.
According to the author of the report, Chevrolet's extended range electric vehicle made it on the list because it underperformed in sales while the fact that it is under investigation by the National Highway Traffic Safety Administration (NHTSA) for fires related to the car's lithium-ion batteries is also mentioned.
As for the 500, the article says that while the Italians expected to sell some 50,000 cars during its first year in the States, Fiat sold fewer than 12,000 from January through July, and that the company ousted its chief Laura Soave this past November. For the record, Fiat sold 15,826 examples of the coupe and the 500C through October.
Read more »