Cars
Dismal sale numbers and a rising inventory which at the end of February, stood at 6,300 vehicles, enough to cover 154 days at the current rate it sells cars, are to blame for General Motors decision to stop production for both the Chevy Volt and its European cousin, the Opel Ampera, for five weeks until April 23.
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Cars
GM to Halt Chevy Volt Production for Five Weeks Because of Low Sales
Dismal sale numbers and a rising inventory which at the end of February, stood at 6,300 vehicles, enough to cover 154 days at the current rate it sells cars, are to blame for General Motors decision to stop production for both the Chevy Volt and its European cousin, the Opel Ampera, for five weeks until April 23.
"We need to maintain the right inventory levels and continue to meet demand," GM spokesman Chris Lee told Automotive News.
On Thursday, General Motors told the 1,300 workers building the Volt at its Detroit-Hamtramck assembly plant in Michigan that the shutdown would take place on March 19.
Read more »- Pickup Trucks Inventories Rising, Manufacturers Are Worried
It seems like US carmakers are beginning to worry about the rising inventory of their big pickup trucks. For example, General Motors has an inventory of 122 days (or 4 months) of its Chevy Silverado and GMC Sierra according to a report from Reuters,...
- New Opel Ampera To Sell For €42,900 Or Us$59,100 In Europe
General Motors announced today that the European version of its extended-range Chevrolet Volt electric car, the Ampera, will go on sale in the fourth quarter of 2011 as an Opel in mainland Europe and as a Vauxhall in the UK, with prices -including tax-...
- First Pre-production 2012 Opel Ampera Ev Rolls Off The Line
The first pre-production 2012 Opel Ampera, or the European market version of the Chevrolet Volt, rolled off the line at GM's assembly plant in Warren, Michigan, on Friday, April 23, marking an important milestone in the project. General Motors said...
- Gm To Invest $336 Million In Detroit-area Plant To Build Chevrolet Volt
General Motors is planning to invest $336 million in its Detroit-Hamtramck factory to produce the new Chevrolet Volt electric car next year, bringing the combined Volt-related investments in eight different facilities in Michigan to a total of $700 million....
- Mazda To Resume Full Production At Japanese Plants
At a time when most automakers are proceeding to new production cuts, Mazda came out today with some good news as the company announced that it will resume full production at two of its Japanese plants in April. In particular, the firm's Hofu Plant...