General Motors will temporarily stop production at five of its U.S. assembly plants in January to deal with an oversupply of mostly sedans.
According to GM had 86 days’ supply of U.S. inventory as of Dec.1, up from 84 days in November and 70 days on Dec.1, 2015. A GM spokesman said that the company is targeting a supply of roughly 70 days.
When it comes to individual nameplates, it is the sedans and cars that are selling slowly at GM, with supply ballooning to 110 days for Cadillac CT6 modes, 119 days for the ATS, 177 days for Camaro models, 121 for the Cruze and 170 days for the Corvette.
Shut down lengths will vary based on the product built at each plant. The Detroit-Hamtramck plant in Michigan and the Fairfax, Kentucky factory will be shut for three weeks while the Lansing Grand River plant will be down for two weeks. The Lordstown, Ohio plant and the Bowling Green, Kentucky factory will be closed for a single week.
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This news follows GM announcing lay offs of about 2,000 workers from the Lordstown and Lansing Grand River plants, where the Chevy Cruze, Cadillac ATS and Cadillac CTS are built. Sales of all three GM sedan models has fallen off by roughly one fifth compared to a year ago. Separately, another 1,300 workers are being cut from the Detroit-Hamtramck plant starting in March. The Chevy Volt and Impala, Cadillac CT6 and Buick Lacrosse are built there.
[Source: Automotive News]
