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GM extends shutdown at Chevy Bolt plant as inventories swell

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ORION TOWNSHIP, Mich./DETROIT, July 17 (Reuters) – General Motors Co has extended a shutdown at the Michigan factory that builds the new Chevrolet Bolt electric car as part of a broader effort to get control of bulging inventories of unsold vehicles in the United States. GM’s vehicle inventory in the United States hit a 10-year high in June at 105 days supply. The company in April told investors it expected inventories would decline to a 90-day supply at the end of June, and fall to 70 days by the end of the year.

Source:: https://finance.yahoo.com/news/gm-extends-shutdown-chevy-bolt-205849860.html

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