A shortage of parts at a Texas sport-utility vehicle plant has resulted in General Motors (NYSE:GM) shutting the plant down for Friday.
The plant is based in Arlington, and build large SUVs, among them the popular Chevrolet Tahoe and GMC Yukon.
Even in the midst of a high gas price environment sales continue to be robust, although that could change as gas prices reach the point where consumers start thinking about cutting back on costs.
In March, GM sold 37,258 of the big SUVs, a gain of 20 percent over March of 2010, according to market watcher Autodata Corp.
The plant will reportedly resume production on Monday.
General Motors closed Thursday at $32.25, falling $0.06, or 0.19 percent.
Friday, April 8, 2011
GM (GM) Shuts Texas Plant Friday
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General Motors,
GM
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