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Chevy to temporarily halt Vette production due to economy

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Old Sep 15, 2008 | 10:34 AM
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Chevy to temporarily halt Vette production due to economy

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.
 
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Old Sep 15, 2008 | 10:38 AM
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That sucks. Have they sold out of the ZR1's yet?
 
Old Sep 15, 2008 | 11:14 AM
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Originally Posted by ATL-Porsche
That sucks. Have they sold out of the ZR1's yet?
Don't think so, I know somebody who has 2 on order. The dealer is asking
159K
 
Old Sep 15, 2008 | 06:17 PM
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From what I have read, it is just the base coupes. The rest, like the ZO6 and ZR1 aren't being slowed down.
 
Old Sep 16, 2008 | 09:17 AM
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Not for nothin' but that is a really hot pic of the new ZR-1
 
Old Sep 16, 2008 | 09:21 AM
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Too bad it's only temporary. World would be a much better place without democrats and corvettes.
 
Old Sep 16, 2008 | 09:39 AM
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Originally Posted by JarodL
Too bad it's only temporary. World would be a much better place without democrats and corvettes.
affordable sports cars.

they suck
 
Old Sep 16, 2008 | 11:17 AM
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It had to happen. You can't keep making more cars then you can sell. It's not like it's going to be hard to get a Corvette, inventory levels are still very high.
 
Old Sep 16, 2008 | 11:19 AM
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If anyone knows, it's Patrick
 
Old Sep 16, 2008 | 07:16 PM
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Originally Posted by Craigger
affordable sports cars.

they suck
Yeah, those afforable sports cars sure do suck....
 



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