Fort Wayne Assembly truck plant in Indiana will halt production for two weeks.   -  Photo: GM

Fort Wayne Assembly truck plant in Indiana will halt production for two weeks. 

Photo: GM

On February 23, General Motors announced it will halt production at its Indiana truck plant for two weeks. The truck plant builds full-size trucks such as the Chevrolet Silverado and GMC Sierra.

The Fort Wayne Assembly truck plant will stop production on March 27.

GM stated that supply-chain restraints have been easing, allowing the company to produce more pickup trucks. But the supply was not meeting the demand, as demand for new pickup trucks has remained “fairly consistent.”

Once announced, GM shares dropped 3% that day. According to Reuters analysts, “rising interest rates and high vehicle prices could begin to depress demand, even as inventories of new vehicles have been rising over recent weeks.”

"It is disappointing to see given the overall industry doesn't have enough inventory ... it does raise concerns that demand is slowing either due to inflation or another macro headwind," Morningstar analyst David Whiston in a Reuters story.

About the author
Hillary Weiss

Hillary Weiss

Senior Editor

Hillary Weiss is a former senior editor at Bobit. She has a decade of digital publishing experience and a passion for all things related to fleets.

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