The American automaker said that the multiple shutdowns will not impact factories that are in the process of launching new products, including the all-new Chevrolet Camaro built at Oshawa, Ontario, Canada and the Buick LaCrosse launching soon at the Fairfax, Kan. assembly plant.
"We're taking aggressive steps to accelerate our inventory initiatives that have worked well since the first of the year. While sales have been performing at or close to our plan estimates, and dealer inventories have been reduced accordingly, we want to more closely align inventories with even more conservative market assumptions," said Troy Clarke, GM North America president. "By reducing our inventories even more aggressively we reduce pressure on GM and our dealers, and set ourselves up well for a clean 2010 model year start-up."
Because of the sales slump that hit the Russian car market in recent months, some automakers are shutting down plants while others are considering exporting vehicles from their local assembly plants to curb losses. Read more »...
The devastating consequences of the March 11 Japan earthquake and tsunami on the country’s auto industry continue to unfold. Today, Toyota Motor Corp. announced that it will reduce its North American production because of the lack of parts. The...
About a week after emerging from bankruptcy protection and finalizing a deal with the Fiat Group, Chrysler Group LLC confirmed today that in addition to the reopening of the Dodge Viper's Conner Avenue factory in Detroit on Monday, the firm plans...
At the same time that General Motors CEO Rick Wagoner is making a case for the emergency bailout loan in Washington DC, the automaker announced that it will cut down production at four of its North American plants and as a result, lay off an additional...
In what is deemed as one of the biggest one-time production cuts in the past few years, GM announced that it is eliminating one shift at its full-size pickup truck assembly plants in Pontiac, Michicgan; Flint, Michigan; and Oshawa, Ontario; and its full-size...