Shares in certain suppliers to the Chevrolet Volt and its twin, the Opel/Vauxhall Ampera, have fallen following GM’s decision to stop production of the cars for four weeks.
According to Reuters, which monitors the share prices of many listed Tier 1 and Tier 2 vendors, shares in Charlotte, North Carolina-based Polypore International fell by 10% as news of GM’s decision broke. The firm provides lithium battery separators to GM’s cell supplier, Compact Power, which is a subsidiary of LG Chem.
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As for the impact on sales of the car itself, just-auto contacted Vauxhall Motors as the UK has some of the world’s most generous subsidies for cars and light commercials that are defined as EVs. A spokesperson stated that the division saw only minimal disruption to Ampera sales.
Author: Glenn Brooks
