General Motors' Plan to Boost Pickup Production Hits a Snag: Not Enough Parts
General Motors' (NYSE: GM) plan to ramp up production of high-profit pickups has hit a snag: Short supplies of key parts from Mexico.
GM, along with the other Detroit automakers, restarted some of its U.S. assembly plants on Monday. GM restarted its pickup factories in Fort Wayne, Indiana, and Flint, Michigan, with just one shift of workers at each plant as it worked through new safety procedures.
GM had planned to add additional shifts next week, in an effort to get more of its highly profitable full-size pickups to dealers quickly. However, parts from some Mexican suppliers aren't yet flowing in sufficient quantities to support the added production, the Wall Street Journal reports.