The General will be cutting production of the vehicle that is often cited as a proof of recession, the Chevrolet Corvette. Confirming with Automotive News, GM will halt production of the Corvette for a week starting Oct. 6. It will then reduce the assembly line speed and lay off some employees.
“We’ve weathered a lot of downturns,” Eldon Renaud, president of UAW Local 2164 in Bowling Green told Automotive News. “But I think this one has finally lasted long enough and people are concerned enough about the economy that it’s probably having a minor effect.”
This will be the first inventory-related production halt at the Bowling Green plant for the Corvette since 1995.
Production of the Chevrolet Corvette will resume on Oct. 13 with 15 units being produced every hour instead of 19.
Source: Automotive News (Subscription Required)