GM Cuts Truck Production Due To High Inventory
August 22, 2007 by Douglas A. McIntyreGM (GM) has cut production at six US plants due to high inventory of pick-ups and SUVs. Sales of the GMC Sierra fell 28% last month. The Wall Street Journal wrote that GM "had 114 days’ supply of its Chevrolet Silverado pickup truck, and 120 days’ worth of the GMC Sierra."
The mortgage market and high fuel prices are likely to eat into GM’s truck business further and, although the company has not firmly indicated it will miss annual sales goals, that is becoming more and more likely.
Douglas A. McIntyre
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.