GM Extending Chevy Bolt Plant Shutdown To Scale Down Excess Supply

By Jon LeSage General Motors has extended a shutdown of the plant building the Chevy Bolt in a move to trim an oversupply of GM vehicles.
The Detroit automaker saw its overall new vehicle inventory hit a 10-year high in June. Promises were made to investors to scale it down from a steep 105 days supply to 70 days by the end of the year. Bolt inventory had gone from 104 days to 111 days during July.
The Bolt shares the Orion, Mich., plant with the Chevy Sonic. The company reports that Sonic sales have gone down 37 percent this year.
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