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2021 Corvette Ran On Low 11-Day Supply In April
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The 2021 Corvette was once again one of the fastest-selling cars last month, with the mid-engine sports car running on a low 11-day inventory supply throughout April.
$57.36
By comparison, shares of GM’s cross-town rival, Ford Motor Company, were stable during the same timeframe.
GM Stock Factors
GM stock value fell this week after a 3-percent gain last week and stable performance the week prior.
The recent activity follows a 10-percent gain in March, during which GM stock values crossed the $60-per-share mark, an all-time high for the “new GM,” as well as consistent growth in January that put GM stock value above the $50 per share mark.
The gains seen earlier in April were driven primarily by confirmation of an upcoming all-electric iteration of the popular Chevy Silverado pickup truck. GM stock value hit a record high of $63.44 per share following the announcement.
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GM To Pause Production At Lansing Grand River Plant Over Chip Shortage
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Chevy Camaro, Cadillac CT4 And CT5 Production Stopped Until End Of June
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Production stops only one week after restarting.
The Chevrolet Camaro has been having a tough time lately. Sales continue to be down as it remains a distant third place behind the Ford Mustang and Dodge Challenger in the ongoing muscle car battle. More recently, it s become another victim of the semiconductor chip shortage crisis. Production was forced to stop in mid-March at the Lansing Grand River assembly plant in Michigan but got started again late last month. Unfortunately, it didn t last long.
CBS news affiliate WLNS 6 in Lansing, Michigan reports the plant has been idled again starting from May 10 through June 28. Along with being the Camaro s home, LGR also builds the Chevy Malibu, and the Cadillac CT4 and CT5.