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

by Karl Utermohlen | March 28, 2014 1:30 pm

GM (GM[1]) is stopping the sales of most Chevy Cruze mocdels, the company’s best-selling car model in the U.S.

chevy cruze[2]A spokesman for the company said that GM is halting the sales[3] 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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Endnotes:

  1. GM: http://studio-5.financialcontent.com/investplace/quote?Symbol=GM
  2. [Image]: https://investorplace.com/wp-content/uploads/2012/03/GM185.jpg
  3. halting the sales: http://money.cnn.com/2014/03/28/autos/gm-cruze-sales-halt/
  4. Hyundai Reveals Hydrogen Cell SUV: https://investorplace.com/2014/03/geneva-auto-show-hyundai/#.UzWt4aiwXRE
  5. Tesla Installs New Battery Shields to Prevent Fires: https://investorplace.com/2014/03/tsla-tesla-installs-new-battery-shields-prevent-fires/#.UzWtyaiwXRE
  6. KBB Check Out the 12 Best Family Cars for 2014: https://investorplace.com/2014/02/kbb-best-family-cars/#.UzWt2KiwXRE

Source URL: https://investorplace.com/2014/03/gm-chevy-cruze-gm-stock/

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