Moneymoney

Thu Oct 12, 2017, 12:48 PM

GM To Scale Back Production At Detroit Sedan Plant

DETROIT/WASHINGTON (Reuters) - General Motors Co said on Thursday it plans to scale back production at an assembly plant in Detroit starting later this month as it tries to deal with declining U.S. sedan sales

GM said in a statement that effective Oct. 20 its Detroit-Hamtramck plant “will operate under a reduced production schedule.”

“This action will help maintain more stable production,” the No. 1 U.S. carmaker said.

The statement followed reports that GM plans to shut the plant for about six weeks from mid-November and lay off about 1,500 workers then cut production roughly 20 percent once operations resume, according to a source familiar with the plans.

That output cut would lead to around 200 lost jobs. The move was originally reported by the Wall Street Journal.

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https://www.reuters.com/article/us-gm-production/gm-to-scale-back-production-at-detroit-sedan-plant-idUSKBN1CH1WF

The deals to be had on these vehicles right now are unbelievable for a brand-new, and 2-3 yo used car. Sort of thought the hurricane floods would have helped with this problem but everybody wants a suv/crossover/truck and don't mind paying a premium price for them.

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Reply GM To Scale Back Production At Detroit Sedan Plant (Original post)
RCW2014 Oct 12 OP
Troll2 Oct 12 #1

Response to RCW2014 (Original post)

Thu Oct 12, 2017, 01:18 PM

1. Unclear why they keep this plant open.

The Hamtramck plant makes four poorly performing sedan models, including the Buick LaCrosse, sales of which are down 21.5 percent year to date, and the Chevrolet Impala, which is down 31.8 percent.

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