General Motors Corp., the largest U.S. automaker, announced on Thursday that "due to certain business developments," it is scheduling multiple down weeks at 13 assembly operations in North America.
Under this plan, approximately 190,000 vehicles will be removed from GM's North American production schedule in the second and early third quarter of this year.
GM said dealer vehicle inventories are at high levels, and the shutdown will allow the company to bring production in line with current market demand.
It said approximately 767,000 vehicles were in U.S. dealer stock at the end of March, down about 108,000 vehicles, or 12 percent, compared with the same period last year.
GM sales in the U.S. market plummeted 49 percent in the first quarter, while auto sales in the United States, which were down 38percent, remain under downward pressure in the near future.
Source: Xinhua
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