General Motors (NYSE: GM) is planning extended shutdowns at two of its U.S. assembly plants, as it copes with swelling inventories of slow-selling sedan models.
GM’s shutdown plans are the latest in a growing list of signs that the U.S. new-car market’s long growth streak is losing steam.
GM’s Lordstown Complex in Ohio is one of two U.S. factories set to get an extended break this summer. Image source: General Motors.