GM Halts Corvette Production Due to the Poor Economy

GM is going to halt production of the Chevy Corvette for a week starting Oct. 6th due to the economy and the ongoing automotive recession.

“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.”

Once production resumes, production will be scaled back (15 units per hour vs. 19) and GM will be forced to layoff some workers.

Corvette sales were down 8.5 percent this year as of August 2008.

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