by Eric Harding | May 22, 2013 12:24 pm
Summer blues? Hardly.
Carmakers in Detroit are forgoing their standard midsummer shutdowns. It seems buyers just can’t get enough new cars and trucks.
Ford (F) is idling its plants for just one week this summer, rather than the usual two. Chrysler is keeping the two-week break, but at just four of its 10 production plants. GM (GM) won’t shut its doors at all.
The three major U.S. automakers generally shut down for two weeks around the July 4 holiday for maintenance and to rejigger their factories to make new models. But demand this year has been so strong — up 7% through April, the AP reports, led by pickup sales as housing rebounds — that the Big Three can’t afford to take the time off.
Source URL: https://investorplace.com/2013/05/automakers-cut-summer-shutdowns-amid-growing-demand/
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