GM to halt medium duty truck production
The General Motors has announced on Monday that the production of Chevrolet Kodiak and the GMC Topkick medium- duty vehicles will cease by the end of July. Earlier General Motors has spent around 4 years searching for buyers for the medium-duty truck business but now as decided against this and has confirmed that it will wind down its medium-duty truck business.
It was in 2007, GM developed a tentative deal with Navistar International Corp that accepted to buy GM’s medium- duty truck operations. Unfortunately the deal expired last summer without any proper conclusion.
Dan Ustian, the CEO of Navistar stressed during these talks that no agreement will be signed if GM’s medium-truck plant was to be open in Flint, Mich as a part of the deal. After this deal, GM then made a deal with Isuzu Motors that decided to keep the production of GM’s medium truck business in Flint till the end of 2014.