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

The company has not given a reason for the halt

   

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

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

GM185 GM Tells Dealers to Stop Selling (Most) Chevy Cruze ModelsA 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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