"Extremely Lean" Inventories on Products Like Camaro Force GM to Boost Production

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08-19-2009, 02:50 PM

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"Extremely Lean" Inventories on Products Like Camaro Force GM to Boost Production

The popular Cash for Clunkers program has drained General Motors' inventories so much that the automaker will increase North American production by 60,000 vehicles from earlier schedules through the rest of the year.

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08-31-2009, 04:30 PM

ripper101

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At least the Cash for Clunkers program worked as advertised as consumer spending on new cars rose even though the economy is still bad and there will be several hundred thousand job losses in August when reported.

http://www.bloomberg.com/apps/news?p...d=aBuvLf5byjX0

08-31-2009, 04:49 PM

SSPORT10

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Quote:

Originally Posted by ripper101

And now all those people that took adavantage of that program now have to pay tax on it! But great to see GM actually boosting production instead of cutting production, let's hope it lasts!