GM Cancels Extra Cobalt Production Due To Parts Shortage

With small car sales exploding thanks to record gas prices, GM finds itself unable to build enough Chevy Cobalts to satisfy demand. Now a parts shortage is further complicating the situation. GM had planned to run a double shift this Saturday at the Lordstown, OH plant that assembles the Cobalt and Pontiac G5, but at least one unidentified supplier has apparently been caught flat-footed and unable to meet demand. Cobalt sales have been up about 10% for the year, but fell 27% in August, a decline GM blames on supplier shortages. Presumably G5 production is also affected, but Aveo clone enthusiasts can rest comfortably knowing that plans for the Pontiac G3 remain in full swing. [Marketwatch]

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