Chevrolet is announcing that it will be temporarily halting the production of its Corvette for the week of October 6, 2008 in the Kentucky plant where the monstrously cool car is produced.
There is also word that there may be some job cuts in October to offset the slowdown in sales of the Corvette. Slow sales and mounting dealer inventory is causing the lull and is leading to the halt in production, creating a backlog for Chevrolet and problems for Chevy workers. Word is that up to 75 workers may face layoffs from the Kentucky plant.
This is interesting news for producers of the Corvette, as Chevy hasn’t had to lay off workers on the car since 1987. The ’87 cuts took place because the company was turning out too many Corvettes and the market was saturated. This round of cuts, over ten years later, comes with a much different underlying message.
“We’re going to reduce our production to make sure we align it with the expected demand that we see in the near term,” explained Paul Graham, plant manager for the Bowling Green Assembly Plant. “It’s something we don’t look forward to doing, but unfortunately given where the marketplace is, we’re in the luxury market and it’s down about 12 percent this year right now.”
With the layoffs and the temporary halting of production, Chevy cars may also face some upcoming promotions to move current models off of the dealership lots. Keep your eyes on the papers for more information.
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