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GM Slashing Truck Production; Worse May be Coming

The worsening U.S. economy is forcing General Motors to slash production of its big pickups and SUVs. It will trim operations at four key truck plants, reducing production by a whopping 143,000 vehicles, according to thecarconnection.com

Even barring further cutbacks, which industry observers fear could follow, those plants will produce 15 percent fewer vehicles this year than in 2007.

Making matters worse, GM is facing a series of labor problems that could cripple other assembly operations – on top of an ongoing labor dispute at a key supplier that has already shuttered 30 GM factories.

Posted by Peter C. T. Elsworth  at 1:21 PM to GM | Permalink

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