GM Idling Truck, SUV Factories 10 Weeks to Retool for New Models
- Automaker ended March with almost 100 days’ supply in U.S.
- Inventory levels drawing attention as industry sales slump
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General Motors Co., drawing attention with elevated inventory levels in the U.S., said it’s been building supply because several plants will spend a combined 10 weeks retooling for production of new models.
GM ended March with almost 100 days’ supply of vehicles, more than the roughly 70 days the company typically likes to carry. The rising stockpile is partly a byproduct of slowing passenger-car sales, but also a strategic move to prepare for the idling of sport utility vehicle and pickup factories later this year, according to Jim Cain, a company spokesman.