General Motors Co
. seems to be reacting to news that sales of large SUVs, such as the Chevy Suburban
and GMC Yukon
, are plummeting. GM
CEO Rick Wagoner stated in an interview that the automaker will begin to slow production of its full-size SUVs for the rest of the year. While he would not elaborate on what this 'slowdown' entailed, he mentioned that cutbacks would be made to "some" overtime at the company's plants while revamping their vehicle lineup to include other models.
According to Ward's, sales of large SUVs have dropped 22 percent from January through July of 2006.
By the Numbers: July 2006
U.S. Sales: SUVs and trucks drag down GM, Ford, Chrysler
Consumers think twice about SUVs
[Source: Wall Street Journal via Sun Sentinel]