GM Lordstown Going Down To Single Shift

"Last year GM operated the Lordstown, Ohio assembly plant on two shifts. As the market continued to undergo historic changes, it required us to reduce production rates and take numerous down weeks to match production with lower customer demand for compact cars. As we look at the market for compact cars in 2018 and beyond, we believe a more stable operating approach is to match market demand on a one-shift schedule. Consequently, we will suspend the second shift of production at Lordstown late in the second quarter of 2018.

Industry-wide, the U.S. small car market has been on a steady decline since 2014 due in large part to a shift in consumer demand for crossovers, trucks and SUVs. Lower fuel prices and an improving economy are both contributing to this trend.

The car market remains important to GM and Chevrolet since it represents 36% of industry retail sales. The small car segment also brings new and conquest customers to Chevrolet."

Source : http://fox8.com/2018/04/13/gm-announces-lordstown-plant-going-down-to-single-shift/

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