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General Motors is dialing back on production as it currently has too many vehicles in inventory. The Detroit News reports that General Motors at the end of November had 874,000 vehicles sitting around - a number that hasn't been seen since the 2008 financial crisis. Compared to the same time last year, the number of vehicles has increased by 182,000 units. More worrying is that compared to October, the number of unsold vehicles rose by 40,000. Despite strong sales, more consumers are going with crossovers, SUVs, and pickup trucks. GM even increased incentives on a number of models to help relieve this glut, all to no avail. According to Autodata, this is amount of passenger vehicles GM had sitting, 110 day-supply of the Cadillac CT6 119 day-supply of the Cadillac ATS 121 day-supply of the Chevrolet Cruze 132 day-supply of the Cadillac CTS 168 day supply of the Buick LaCrosse 170 day-supply of the Chevrolet Corvette and Spark 177 day-supply of the Chevrolet Camaro Because of this, General Motors is cutting back on production at some of their plants. As we reported last month , GM is cutting a shift at their Lansing Grand River plant in Michigan (home to Cadillac ATS, CTS, and Chevrolet Camaro) and a shift at Lordstown, Ohio plant (home to the Chevrolet Cruze). General Motors will also be shutting down five plants according to Reuters in January. The plants include, Detroit-Hamtramck (Three weeks) Fairfax, KS (Three weeks) Lansing Grand River (Two weeks) Lordstown, OH (One week) Bowling Green, KY (One week) Source: The Detroit News, Reuters View full article -
GM To Cut Back On Production As Inventory Is At An 8-Year High
William Maley posted an article in General Motors
General Motors is dialing back on production as it currently has too many vehicles in inventory. The Detroit News reports that General Motors at the end of November had 874,000 vehicles sitting around - a number that hasn't been seen since the 2008 financial crisis. Compared to the same time last year, the number of vehicles has increased by 182,000 units. More worrying is that compared to October, the number of unsold vehicles rose by 40,000. Despite strong sales, more consumers are going with crossovers, SUVs, and pickup trucks. GM even increased incentives on a number of models to help relieve this glut, all to no avail. According to Autodata, this is amount of passenger vehicles GM had sitting, 110 day-supply of the Cadillac CT6 119 day-supply of the Cadillac ATS 121 day-supply of the Chevrolet Cruze 132 day-supply of the Cadillac CTS 168 day supply of the Buick LaCrosse 170 day-supply of the Chevrolet Corvette and Spark 177 day-supply of the Chevrolet Camaro Because of this, General Motors is cutting back on production at some of their plants. As we reported last month , GM is cutting a shift at their Lansing Grand River plant in Michigan (home to Cadillac ATS, CTS, and Chevrolet Camaro) and a shift at Lordstown, Ohio plant (home to the Chevrolet Cruze). General Motors will also be shutting down five plants according to Reuters in January. The plants include, Detroit-Hamtramck (Three weeks) Fairfax, KS (Three weeks) Lansing Grand River (Two weeks) Lordstown, OH (One week) Bowling Green, KY (One week) Source: The Detroit News, Reuters -
With every new generation of MINI, the lineup has grown and grown. In the first-generation, there was three models. Now, the lineup consists of seven models. However, a BMW board member wants to see MINI cut back the number of models it has. Peter Schwarzenbauer, BMW board member for Mini and Rolls-Royce tells Autocar that he would like to see brand to pare down the lineup as he believes the rapid expansion is hurting the brand. He said BMW had to be “sensitive about the number of variants and about size. It is better to go in a different direction to concentrate on doing less but better”. What would Schwarzenbauer's MINI lineup look like? It would comprise of what Schwarzenbauer calls his ‘hero cars' which include a three-door hatch, a convertible, and a SUV. “Each model must be a hero in its own market and have the trademark personality, style and go-kart handling,” Schwarzenbauer said. By reducing the amount of models in MINI's lineup, Schwarzenbauer says this will allow Mini’s research and development to concentrate more on improving design and quality. Source: Autocar William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. View full article
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BMW Board Member Would Like To See MINI To Pare Down Its Lineup
William Maley posted an article in MINI
With every new generation of MINI, the lineup has grown and grown. In the first-generation, there was three models. Now, the lineup consists of seven models. However, a BMW board member wants to see MINI cut back the number of models it has. Peter Schwarzenbauer, BMW board member for Mini and Rolls-Royce tells Autocar that he would like to see brand to pare down the lineup as he believes the rapid expansion is hurting the brand. He said BMW had to be “sensitive about the number of variants and about size. It is better to go in a different direction to concentrate on doing less but better”. What would Schwarzenbauer's MINI lineup look like? It would comprise of what Schwarzenbauer calls his ‘hero cars' which include a three-door hatch, a convertible, and a SUV. “Each model must be a hero in its own market and have the trademark personality, style and go-kart handling,” Schwarzenbauer said. By reducing the amount of models in MINI's lineup, Schwarzenbauer says this will allow Mini’s research and development to concentrate more on improving design and quality. Source: Autocar William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.
