GM Halts Production of Medium-Duty Trucks
It’s been a long, hard road for General Motors (GM). GM filed for Chapter 11 bankruptcy in early June and has now announced that it will be winding down its medium-duty trucks. Production of the Chevy Kodiak and GMC Topkick medium duty trucks was to cease by July 31, 2009.
For the past four years, GM has been attempting to locate a buyer for its medium duty truck business. Although it had several interested parties, GM was not be able to come up with a viable arrangement that would be in the best interests of both companies. Unfortunately, that has lead GM to get out of the medium-duty truck business.
“We will be honoring all warranties on our medium-duty truck products and, of course, will maintain an adequate supply of spare parts for the foreseeable future,” said Jim Hopson, manager of Pontiac Communications. “We are currently working out all of the details regarding servicing the vehicles after the end of 2010, but customer’s first point of contact should still be their dealer.”
Few details were provided by GM, as the company prepares liquidates the medium-duty assets over the next 18 months.
