By Drew Johnson
Wednesday, Aug 22nd, 2007 @ 2:46 pm

GM announced today that it will be eliminating overtime at six of its North American SUV and truck plants for the remainder of the year. The reduction in hours is due to slumping demand for the large vehicles amid concerns about high fuel prices and a grim housing market. The cuts are to occur at GM’s plants in Flint; Oshawa, Ont.; Ft. Wayne, Ind.; Janesville, Wis.; Arlington, Texas; and Silao, Mexico.
GM spokesman Tom Wickham said the automaker took the action to manage its inventory levels. Wicham went on to say, “With uncertain fuel prices, and significant competitive pressures in the segment, right now the concern is we want to make sure we manage inventory levels. We don’t want to let them get too high, where we have to put on too many incentives.†According to the Detroit Free Press, GM’s January-July U.S. truck sales are down 9% when compared to the same period last year.

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