GM Faces $1 Billion Loss In Revenue Due To Excess Truck Inventory

General Motors Co  with more than double a typical supply of trucks, is facing the prospect of cutting production or increasing discounts, threatening to squeeze 2013 profits.

Clearing away that inventory is critical. At stake is the rollout of new versions of the Chevrolet Silverado and GMC Sierras, scheduled for release next year, and which are key to the company’s success in 2013. GM’s big pickups, which made up 23 percent of the automaker’s U.S. sales last year, are among their most profitable models.

 

HughJass - 12/7/2012 4:40:08 PM

+1 Boost

Hey Ohio, Indiana, look at Jesus' success. Suckers.

HughJass - 12/7/2012 4:41:01 PM

+1 Boost

Guess its hard to keep revenues up when most of it is based on the government buying your crap products before the election.