Chevy to temporarily halt Vette production due to economy

[Katya4me]

http://www.autoblog.com/2008/09/15/chev ... o-economy/
Chevy to temporarily halt Vette production due to economy

Posted Sep 15th 2008 9:01AM by Michael Harley
Filed under: Sports/GTs, Hirings/Firings/Layoffs, Plants/Manufacturing, Chevrolet

It's been more than a decade since the "recession-proof" Chevrolet Corvette had to endure a production cut due to excess dealer inventory, but that's apparently the case once again. Citing slow sales related to the ongoing automotive recession, GM will turn off the Corvette's factory lights during the week of October 6th. When Vette assembly resumes the following week, production will be scaled back to 15 cars per hour (normal speed is 18.5 cars per hour). Unfortunately, GM says layoffs will accompany the new schedule at the Bowling Green facility, with up to 75 workers losing their jobs. While surprising, the news isn't entirely unexpected. Corvette sales were down 8.5 percent for the year through August of 2008. They only rebounded after GM included the model in the employee pricing sale... and we all know a shot in the arm like that won't hold out over time.

[snaab]

Although I personally think the market is a little saturated a bit, and the Corvette could benefit from some exclusivity (and a demographic shift, but that's another story), this is sad news. On the other hand, maybe a Vette owner will be willing to unload on for a meager sum

[Sabre]

Talk about timing.... they just release the ZR-1 and now this? That sucks, even more so for the people loosing their job.

[Mr Kleen]

at least jobs are easy to find in Bowling Green, Kentucky. oh, wait...

[Libra Monkee]

the Corvette could benefit from some exclusivity (and a demographic shift, but that's another story)

QFT

That's why these days I don't even look at a Corvette unless it's a vintage, ZR-1, Z06, or professionally modded.

[boomee]

sniff I love c6 corvettes im a sucker for the lines on that car and being someone who is looking for a job i feel for those workers loosing there jobs

[Mr Kleen]

the base model Corvette with the Z51 suspension package is an awesome performance machine for [relatively] cheap money. I'd be willing to bet the insurance for the base is quite a bit cheaper than the Z06 even.

[boomee]

the base model Corvette with the Z51 suspension package is an awesome performance machine for [relatively] cheap money. I'd be willing to bet the insurance for the base is quite a bit cheaper than the Z06 even.

I agreel whole heartedly next to an sti the thats my favorite car