GM Tells Dealers to Stop Selling (Most) Chevy Cruze Models

The company has not given a reason for the halt

   

GM (GM) is stopping the sales of most Chevy Cruze mocdels, the company’s best-selling car model in the U.S.

chevy cruzeA spokesman for the company said that GM is halting the sales of Chevrolet Cruzes with the 1.4-liter turbo engine. However, the automaker has not issued a recall on these vehicles or explained why the halt has been ordered.

At the end of February, GM had a 70-day inventory of Chevy Cruzes which amount to about 7,000 vehicles. Some of these vehicles have a larger engine and are not affected by the halt.

Chevy Cruzes have sold very well for the carmaker over the years with more than 2 million sold worldwide since 2009.

GM stock is up about 1% Friday.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/03/gm-chevy-cruze-gm-stock/.

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