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GM Trims Output in South Africa
General Motors Co. has cut its production plan in South Africa by an undisclosed amount because of the country’s deteriorating economy.
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General Motors Co. has cut its production plan in South Africa by an undisclosed amount because of the country’s deteriorating economy. The company tells Bloomberg News it may launch a voluntary separation plan for workers.
South Africa’s economy this year is likely to grow at its slowest pace since the 2009 recession, according to government and central bank forecasts. Bloomberg notes that car sales in the country plummeted to a 22-year low in May. The National Assn. of Automobile Manufacturers of South Africa predicts full-year volume will contract for the second consecutive year.
GM makes the Chevrolet Spark minicar and Utility pickup truck, along with Isuzu pickups and commercial trucks at its factory in Port Elizabeth.
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