Chevy to temporarily halt Vette production due to economy
09-15-2008 | 05:54 PM
#1
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Chevy to temporarily halt Vette production due to economy 
Originally Posted by Michael Harley @ AutoBlog.Com
It's been more than a decade since the "recession-proof" Chevrolet Corvette had to endure a production cut due to excess dealer inventory, but that's apparently the case once again. Citing slow sales related to the ongoing automotive recession, GM will turn off the Corvette's factory lights during the week of October 6th. When Vette assembly resumes the following week, production will be scaled back to 15 cars per hour (normal speed is 18.5 cars per hour). Unfortunately, GM says layoffs will accompany the new schedule at the Bowling Green facility, with up to 75 workers losing their jobs. While surprising, the news isn't entirely unexpected. Corvette sales were down 8.5 percent for the year through August of 2008. They only rebounded after GM included the model in the employee pricing sale... and we all know a shot in the arm like that won't hold out over time.
[Source: Automotive News]
[Source: Automotive News]
09-15-2008 | 06:24 PM
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09-15-2008 | 07:54 PM
#10
i want a vette!!!!
09-15-2008 | 10:37 PM
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From: Port Orchard, WA
Why is everyone acting like its the end of the world? They are making 3.5 less per hour. I don't know what the hours for production are but if they are 24/7 they would make a little over 26,000 less a year. If it is a normal 40 hour week, they make 6,000 less a year. Thats hardly anything on both accounts...
09-16-2008 | 12:04 AM
#16
well just found out **** hit the fan big time today, with the dow down 500 points when the market closed, well see how much more the stock market will take a ****, with merrill lynch being bought by bfa, and other financial institutions going belly up its only a matter of time before this recession gets really bad.
09-16-2008 | 12:05 AM
#17
so in all honesty the vette should stop production till we see some real cosumer confidence in un realistic cars, sad to say but if the vette is seeing production numbers cut the camaro is not far behind at all.
09-16-2008 | 12:23 AM
#18
Why is everyone acting like its the end of the world? They are making 3.5 less per hour. I don't know what the hours for production are but if they are 24/7 they would make a little over 26,000 less a year. If it is a normal 40 hour week, they make 6,000 less a year. Thats hardly anything on both accounts...
As far as the economy and spending money to save it is a great idea! That is inless you dont have any to spend because your adjustable rate morgage and two V8 SUV's are taking 80% of your paycheck.
The key is to spend money, but spend it wisely, dont rack up debt and ALWAYS keep thinking if what you are spending your money on now will be a good idea in a few years.
