General Motors Co. confirmed Monday that it will halt a total of five U.S. assembly plants for some time in January to trim bloated car inventory, including the Lansing Grand River Assembly Plant.
The automaker confirmed Lansing Grand River, which makes the Chevrolet Camaro, Cadillac CTS and ATS sedans, will halt production for two weeks in January. Inventories for at least one of the models built at the plant – the Camaro – is nearing a six months supply. At the end of November, GM had a 105-day supply of cars, according to Autodata Corp. Analysts typically say a supply of about 60 days is considered healthy.
The Detroit News reported Monday that GM’s Detroit-Hamtramck Assembly Plant and Fairfax Assembly Plant in Kansas City, Kansas, would each take three weeks of downtime in January.
GM also confirmed Monday that the Lordstown Assembly Plant in Ohio and Bowling Green Assembly Plant in Kentucky each would take one week of downtime next month. The Lordstown plant builds the compact Chevrolet Cruze, while the Bowling Green plant is home to the Chevrolet Corvette.
GM spokeswoman Dayna Hart on Monday said the company is adjusting production schedules to meet market demand.
At the end of November, GM had a supply of more than 874,000 vehicles in its inventory, the most in eight years, and up about 40,000 from the end of October. Consumers are increasingly shifting preference from cars toward trucks and SUVs.
The Detroit automaker said in November it would cut the third shifts at both Lansing Grand River and Lordstown next month. About 2,000 workers will be laid off.