Friday, July 21, 2017

The beginning of the end?

Car, as opposed to the many forms of trucks, sales are down. Some models have been cancelled: Dodge Viper; the Volkswagen Eos, the Honda CR-Z hybrid 2-door; the Lincoln MKS; and Toyota’s entire Scion line. GM is getting hit harder than any of the major automakers. In the first half of 2017, GM’s car sales in the US plunged 19%, and in June 38%. The rest of the industry (without GM) booked declines in car sales of “only” 10% in the first half and 9% in June.

GM is considering eliminating more models, closing some plants or converting them to making trucks. They have begun discussions with the UAW.

Some models that may be dropped: Chevrolet Volt, Buick LaCrosse, Cadillac CT6, Cadillac XTS, Chevrolet Impala, and Chevrolet Sonic.

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