General Motors Company Increases Production Of Large SUVs, Trucks To Meet ... - Bidness ETC
General Motors Company ( NYSE:GM ) is kick-starting the production of its highly profitable large sport utility vehicles (SUVs) and trucks in full swing, after witnessing higher sales this year. The automaker will ramp up production to a pace that would lead to an addition of about 48,000 to 60,000 vehicles in the company’s output of model year 2016. The automaker has initiated overtime shifts at its production plant in Arlington, Texas,... In the meantime, auto industry sales are swelling ahead of analysts’ predictions while sales of full-size SUVs are running strong and boding well for the American auto giant. Jim Cain, company’s spokesperson, confirmed the company's focus on SUV production but did not divulge on the number of additional SUVs the company plans to manufacture at its Arlington plant. In addition, low fuel prices have also bolstered sales of SUVs and other gas-guzzling vehicles this year. As per research from Autodata, through July, the auto industry in the U. S. saw sales growth of 10. 7% in light trucks this year, which includes both crossovers and SUVs. Increasing gas prices in the previous decade impelled some auto giants, including Ford Motor Company (. Source: www.bidnessetc.com
