General Motors Cutting North American Production in 2017 on Slow Sales

GM will cut back production of several sedans as consumers shift toward trucks and SUVs.
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General Motors (GM) - Get Report  is slowing production in North America due to a shift in consumer demand for vehicles. In March, GM will shut down one of its two production shifts at its Detroit-area plant that builds the Chevy Volt, Cadillac CT6, Chevy Impala, and Buick LaCrosse sedans. Thirteen hundred workers will be laid off.  

The move comes as consumers graviate toward trucks, SUVS, and crossovers. In a statement, GM said the shift cancellation will trim inventory and align production to meet "forecasted market demand," a sign the largest automaker is expecting sluggish sedan sales to persist.