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GM Plans To Cancel Production Of Chevrolet Malibu Sedan
Published:12-June-2009
By Staff Reporter
General Motors (GM) is planning to stop the production of Chevrolet Malibu sedan for the 2010 model year, owing to declining sales.
The US market slump, coupled with volatility in demand for fuel-efficient vehicles, has led to a backlog of inventory of the vehicles on dealer lots.
A GM spokesman was quoted as saying that the company made the decision because of a “sufficient stock of 2009,” and said that “starting up production in the near future is possible, but not likely.”
Fuel-efficient hybrid-electric versions of Chevrolet Malibu were introduced in 2008, to enhance the portfolio of fuel-efficient models in order to compete effectively with Japanese automakers. However, GM will continue to manufacture hybrid versions of its trucks, including Chevrolet Silverado and Cadillac Escalade, in 2010 - as quoted in wsj.com.
GM Plans To Cancel Production Of Chevrolet Malibu Sedan
Published:12-June-2009
By Staff Reporter
General Motors (GM) is planning to stop the production of Chevrolet Malibu sedan for the 2010 model year, owing to declining sales.
The US market slump, coupled with volatility in demand for fuel-efficient vehicles, has led to a backlog of inventory of the vehicles on dealer lots.
A GM spokesman was quoted as saying that the company made the decision because of a “sufficient stock of 2009,” and said that “starting up production in the near future is possible, but not likely.”
Fuel-efficient hybrid-electric versions of Chevrolet Malibu were introduced in 2008, to enhance the portfolio of fuel-efficient models in order to compete effectively with Japanese automakers. However, GM will continue to manufacture hybrid versions of its trucks, including Chevrolet Silverado and Cadillac Escalade, in 2010 - as quoted in wsj.com.