General Motors Co. (NYSE:GM) announced it'll have to stop production at its facilities in Shreveport, La., next week, as the lack of parts supplied by Japan have caused a shortage.
This is the first complete stoppage in North America since the Japan earthquake, as other manufactures like Subaru and Toyota (NYSE:TM) have slowed production, but not completed halted it.
Pickups affected by the stoppage will be the GMC Canyon and Chevrolet Colorado.
The assumption is it's the five-speed manual transmission made by Japanese supplier Aisin Seiki Co. which is the impetus behind the move by GM, but they wouldn't confirm it one way or the other.
General Electric said at this time they have a 70-day supply of both pickup models. They don't have a specific date they see production resuming, but said it'll be as soon as possible.
Competitors Chrysler and Ford Motor (NYSE:F) said their facilities are affected by shortages.
GM closed Thursday at $31.44, falling $0.34, or 1.07 percent.
Showing posts with label Subaru. Show all posts
Showing posts with label Subaru. Show all posts
Friday, March 18, 2011
Tuesday, March 1, 2011
Ford (F), Honda (HMC), Toyota (TM), Subaru, Volvo Top Five in New Cars Offered
Honda Motor Co. (NYSE:HMC), Subaru, Toyota Motor Corp. (NYSE:TM), Volvo and Ford (F) were the top five auto companies ranked for new cars offered, according to Consumer Reports.
Interestingly, both Toyota and Ford were able to keep their high ratings even though they've had enormous quality issues which have resulted in millions of vehicles being recalled.
General Motors (NYSE:GM) and Chrysler were laggards, finishing only twelfth and thirteenth among new vehicles offered.
Results were measured by factors such as fuel economy, on-road performance and reliability.
The top-rated car was the Fit subcompact from Honda, which was labeled the best value and budget car by the consumer magazine.
Ford's Mustang and Kia Motor Co.'s Sorento were among the top six best picks for new models.
Interestingly, both Toyota and Ford were able to keep their high ratings even though they've had enormous quality issues which have resulted in millions of vehicles being recalled.
General Motors (NYSE:GM) and Chrysler were laggards, finishing only twelfth and thirteenth among new vehicles offered.
Results were measured by factors such as fuel economy, on-road performance and reliability.
The top-rated car was the Fit subcompact from Honda, which was labeled the best value and budget car by the consumer magazine.
Ford's Mustang and Kia Motor Co.'s Sorento were among the top six best picks for new models.
Wednesday, February 2, 2011
Ford (NYSE:F), GM (NYSE:GM), Shut Down 22 Plants on Snowstorm Delays
The powerful snowstorm blanketing the northern part of the U.S. has resulted in automakers Ford Motors (NYSE:F), General Motors (NYSE:GM) and Chrysler to temporarily shutter 22 plants.
Ford spokeswoman Marcey Evans said the company closed plants in Claycomo, Missouri; Flat Rock and Dearborn, Michigan; Avon Lake, Ohio; and Chicago.
GM spokeswoman Kimberly Carpenter, said GM shut nine factories in Indiana, Michigan, Missouri, Kansas and Texas.
Chrysler shut down 10 plants in Ohio, Michigan and Ontario, but said eight of them will be reopened for the second shift. Its plant in Belvedere, Illinois will remain closed, and the Toledo, Ohio will continue to be monitored, said the automaker.
Ford added, if the ongoing storm delays shipment of parts, more factory closing could result.
Evans said, “We’re really trying to run as many as we can, but it will depend on having the people and parts to do so. Right now it looks like parts may become more of an issue than people for some facilities.”
All automakers, including Subaru and Honda (NYSE:HMC), said they're operating and making decisions on a shift-by-shift and plant-by-plant basis.
Ford spokeswoman Marcey Evans said the company closed plants in Claycomo, Missouri; Flat Rock and Dearborn, Michigan; Avon Lake, Ohio; and Chicago.
GM spokeswoman Kimberly Carpenter, said GM shut nine factories in Indiana, Michigan, Missouri, Kansas and Texas.
Chrysler shut down 10 plants in Ohio, Michigan and Ontario, but said eight of them will be reopened for the second shift. Its plant in Belvedere, Illinois will remain closed, and the Toledo, Ohio will continue to be monitored, said the automaker.
Ford added, if the ongoing storm delays shipment of parts, more factory closing could result.
Evans said, “We’re really trying to run as many as we can, but it will depend on having the people and parts to do so. Right now it looks like parts may become more of an issue than people for some facilities.”
All automakers, including Subaru and Honda (NYSE:HMC), said they're operating and making decisions on a shift-by-shift and plant-by-plant basis.
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