GM Slowing Production of GMC
Full-sized trucks from General Motors are due for redesigns, but the current GMC Sierra might stick around. GM CEO Dan Akerson stated today that, “it doesn’t make sense to accelerate the rollout of new trucks in the middle of rising fuel costs.” Although, trucks have traditionally been the biggest profit maker in an automaker’s portfolio. Many dealers are eager to start selling the next-gen GMC Sierra instead of more fuel efficient, but less profitable, small cars.
“Trucks would not be a program that we’d move up in a mileage-sensitive market,” he added.
In a recent report by Associated Press, the price for a barrel of oil jumped above $110 for the first time since 2008. In addition, “Americans are paying $247 million more per day at the pump than they were at the start of the year,” the report stated. According to Akerson, GM devised a “contingency plan” to prepare for oil jumping over $120 per barrel, though details were not released.
There is also a V6 Hybrid variant of the 2011 GMC Sierra planned.
Source: automobilemag
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