Latest news with #pickuptrucks
Yahoo
14-07-2025
- Automotive
- Yahoo
General Motors Halts Production at Mexico Plant for Several Weeks
General Motors Company GM is temporarily halting production at its pickup truck plant in Silao, Mexico, for several weeks, which will affect the output of its highest-selling models, per Reuters. While GM acknowledged the production pause, it did not specify the break time. Per sources, the Silao facility, which manufactures the Chevrolet Silverado and GMC Sierra, was offline for the first two weeks of July and will shut down again during the weeks of Aug. 4 and Aug. General Motors, the planned downtime at Silao is part of its standard operations, aimed at optimizing manufacturing efficiency. The Silverado and its close counterpart, the Sierra, are GM's best-selling vehicles in the United States and serve as major profit contributors. These models are also produced at other locations, including Fort Wayne, IN; Flint, MI and Ontario, often suspend production to conduct maintenance or reconfigure assembly lines for new models. Most of GM's U.S. factories paused operations during the July 4 holiday week. However, extended shutdowns at plants making such critical products are rare, especially for pickup trucks, which are highly profitable and typically produced around the clock by GM, Ford and Stellantis. In the first half of 2025, GM sold 278,599 Silverado trucks, up 2% year over year and 166,409 Sierra trucks, up 12% from the same period in tensions, particularly under U.S. President Donald Trump's administration, have disrupted automotive supply chains in recent months. In response to tariff-related challenges, some manufacturers have restructured production. China's countermeasures, such as restrictions on exporting rare earth materials essential to vehicle components, have further complicated a U.S.-China agreement was reached in London on June 11, allowing exports to resume, the incident highlights the U.S. auto industry's heavy dependence on Chinese-sourced rare earths. GM carries a Zacks Rank #3 (Hold) at better-ranked stocks in the auto space are Geely Automobile Holdings Limited GELYY, Aisin Corporation ASEKY and Westport Fuel Systems Inc. WPRT. While STRT and ASEKY sport a Zacks Rank #1 (Strong Buy) each at present, WPRT carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for GELYY's fiscal 2025 sales implies year-over-year growth of 76.25%. EPS estimates for fiscal 2025 and 2026 have improved 27 cents and 47 cents, respectively, in the past seven Zacks Consensus Estimate for ASEKY's fiscal 2026 sales and earnings implies year-over-year growth of 7.32% and 58.89%, respectively. The Zacks Consensus Estimate for WPRT's 2025 earnings implies year-over-year growth of 40.93%. EPS estimates for 2025 and 2026 have improved 44 cents and 23 cents, respectively, in the past 60 days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Motors Company (GM) : Free Stock Analysis Report Westport Fuel Systems Inc. (WPRT) : Free Stock Analysis Report Geely Automobile Holdings Ltd. (GELYY) : Free Stock Analysis Report Aisin Seiki Co. Ltd. Unsponsored ADR (ASEKY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Automotive
- Yahoo
General Motors halts production at Mexico pickup truck plant
General Motors (GM) has halted production at its pickup-truck plant in Silao, Mexico, for a few weeks, which is expected to impact the output of its top-selling vehicles, as reported by Reuters. The pause in operations was first reported by individuals familiar with the situation and later confirmed by the company. The Silao facility, responsible for assembling the Chevrolet Silverado and GMC Sierra pickups, experienced a shutdown during the first two weeks of this month. Additional downtime is scheduled for the weeks commencing 4 August and 11 August, although the company did not verify the exact dates. GM said: 'Scheduled down weeks at GM Silao are part of a standard operating process focused on optimizing production at our manufacturing complex.' These models are said to be the company's leading sellers in the US market and significant contributors to GM's profitability. Besides Silao, the company also manufactures the Silverado and Sierra at plants located in Fort Wayne, Indiana; Flint, Michigan; and Ontario, Canada. Most of the company's factories in the US were also said to be inoperative last week as part of a down week for the 4th July holiday. In the first half (H1) of the year, GM reported sales of 278,599 Silverado trucks, marking a 2% increase from the previous year. Sierra truck sales reached 166,409 units, a significant 12% rise from the H1 of 2024. Recently, the automotive sector has faced challenges due to the trade tensions instigated by US President Donald Trump, which have led to disruptions in supply chains and factory operations for automakers and parts suppliers. The industry is said to have been adapting to the situation, with some companies altering their production strategies to lessen the impact of tariffs on imported vehicles and parts. Earlier this month, GM reported a 7% increase in US sales for the second quarter of 2025, contributing to a 12% growth in the first half of the year. "General Motors halts production at Mexico pickup truck plant – report" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Reuters
11-07-2025
- Automotive
- Reuters
Exclusive: GM pickup-truck plant in Mexico pauses output for several weeks
July 11 (Reuters) - General Motors (GM.N), opens new tab is pausing production at a pickup-truck plant in Mexico for several weeks, crimping output of its top-selling vehicles, people familiar with the situation told Reuters, and the company confirmed the information when asked. GM's assembly complex in Silao, Mexico, where the company builds the Chevrolet Silverado and GMC Sierra pickups, was down for the first two weeks of July, and is scheduled to be idled again the weeks of August 4 and 11, two people familiar with the matter said. GM did not confirm the precise schedule. 'Scheduled down weeks at GM Silao are part of a standard operating process focused on optimizing production at our manufacturing complex,' GM said in response to a Reuters inquiry. The Silverado and mechanically similar Sierra are by far GM's top sellers in the U.S., and major profit generators. GM also builds the Silverado and Sierra at factories in Fort Wayne, Indiana; Flint, Michigan and Ontario, Canada. It is common for automakers to halt factory work to perform maintenance or adjust assembly lines for model changes. Most of GM's U.S. factories were not operating last week as part of a usual down week for the July Fourth holiday. Still, several weeks of downtime is unusual for a factory that makes GM's most popular models. Pickups are the biggest money makers for GM, Ford (F.N), opens new tab and Ram-maker Stellantis ( opens new tab, and their truck plants often run around the clock. GM sold 278,599 Silverado trucks in the first half of 2025, a 2% increase from the year-ago period. The automaker sold 166,409 Sierra trucks in the same timeframe, a 12% increase from the first half of 2024. U.S. President Donald Trump's trade war has disrupted supply chains and factory work for automakers and parts suppliers in recent months. Some car companies have shifted production plans to mitigate the impact of Trump's tariffs on imported cars. China's retaliatory restrictions on magnets and other parts that include rare-earth metals – used broadly in car components – also have scrambled operations.
Yahoo
11-07-2025
- Automotive
- Yahoo
Exclusive-GM pickup-truck plant in Mexico pauses output for several weeks
By Mike Colias and Nora Eckert (Reuters) -General Motors is pausing production at a pickup-truck plant in Mexico for several weeks, crimping output of its top-selling vehicles, people familiar with the situation told Reuters, and the company confirmed the information when asked. GM's assembly complex in Silao, Mexico, where the company builds the Chevrolet Silverado and GMC Sierra pickups, was down for the first two weeks of July, and is scheduled to be idled again the weeks of August 4 and 11, two people familiar with the matter said. GM did not confirm the precise schedule. 'Scheduled down weeks at GM Silao are part of a standard operating process focused on optimizing production at our manufacturing complex,' GM said in response to a Reuters inquiry. The Silverado and mechanically similar Sierra are by far GM's top sellers in the U.S., and major profit generators. GM also builds the Silverado and Sierra at factories in Fort Wayne, Indiana; Flint, Michigan and Ontario, Canada. It is common for automakers to halt factory work to perform maintenance or adjust assembly lines for model changes. Most of GM's U.S. factories were not operating last week as part of a usual down week for the July Fourth holiday. Still, several weeks of downtime is unusual for a factory that makes GM's most popular models. Pickups are the biggest money makers for GM, Ford and Ram-maker Stellantis, and their truck plants often run around the clock. GM sold 278,599 Silverado trucks in the first half of 2025, a 2% increase from the year-ago period. The automaker sold 166,409 Sierra trucks in the same timeframe, a 12% increase from the first half of 2024. U.S. President Donald Trump's trade war has disrupted supply chains and factory work for automakers and parts suppliers in recent months. Some car companies have shifted production plans to mitigate the impact of Trump's tariffs on imported cars. China's retaliatory restrictions on magnets and other parts that include rare-earth metals – used broadly in car components – also have scrambled operations. Sign in to access your portfolio
Yahoo
11-07-2025
- Automotive
- Yahoo
Exclusive-GM pickup-truck plant in Mexico pauses output for several weeks
By Mike Colias and Nora Eckert (Reuters) -General Motors is pausing production at a pickup-truck plant in Mexico for several weeks, crimping output of its top-selling vehicles, people familiar with the situation told Reuters, and the company confirmed the information when asked. GM's assembly complex in Silao, Mexico, where the company builds the Chevrolet Silverado and GMC Sierra pickups, was down for the first two weeks of July, and is scheduled to be idled again the weeks of August 4 and 11, two people familiar with the matter said. GM did not confirm the precise schedule. 'Scheduled down weeks at GM Silao are part of a standard operating process focused on optimizing production at our manufacturing complex,' GM said in response to a Reuters inquiry. The Silverado and mechanically similar Sierra are by far GM's top sellers in the U.S., and major profit generators. GM also builds the Silverado and Sierra at factories in Fort Wayne, Indiana; Flint, Michigan and Ontario, Canada. It is common for automakers to halt factory work to perform maintenance or adjust assembly lines for model changes. Most of GM's U.S. factories were not operating last week as part of a usual down week for the July Fourth holiday. Still, several weeks of downtime is unusual for a factory that makes GM's most popular models. Pickups are the biggest money makers for GM, Ford and Ram-maker Stellantis, and their truck plants often run around the clock. GM sold 278,599 Silverado trucks in the first half of 2025, a 2% increase from the year-ago period. The automaker sold 166,409 Sierra trucks in the same timeframe, a 12% increase from the first half of 2024. U.S. President Donald Trump's trade war has disrupted supply chains and factory work for automakers and parts suppliers in recent months. Some car companies have shifted production plans to mitigate the impact of Trump's tariffs on imported cars. China's retaliatory restrictions on magnets and other parts that include rare-earth metals – used broadly in car components – also have scrambled operations.
