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Coronavirus could force GM to delay its redesigned 2021 SUVs

Added 03-31-20 12:04:03am EST - “General Motors told suppliers on Monday it is postponing work on at least half a dozen future models to conserve cash during the coronavirus pandemic and suggested it could delay the planned launch in late April of its highly profitable…” - News.yahoo.com

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Posted By TheNewsCommenter: From News.yahoo.com: “Coronavirus could force GM to delay its redesigned 2021 SUVs”. Below is an excerpt from the article.

DETROIT (Reuters) - General Motors told suppliers on Monday it is postponing work on at least half a dozen future models to conserve cash during the coronavirus pandemic and suggested it could delay the planned launch in late April of its highly profitable large sport utility vehicles.

GM previously told suppliers that it planned to begin production in late April of the redesigned 2021 Cadillac Escalade, GMC Yukon, Chevrolet Tahoe and Suburban full-size SUVs at its Arlington, Texas, plant after winding up production of the outgoing models this week, according to an email reviewed by Reuters.

A GM spokesman reiterated on Monday what the automaker had said last week - that the situation with its U.S. plants was "fluid" and that the automaker would "continue to evaluate" whether and when to reopen those plants on a week-by-week basis, with "employee safety" guiding that decision.

In an email to suppliers viewed by Reuters and confirmed as authentic by GM, the automaker also said it was suspending development work on six future vehicle programs, including updates of the Chevrolet Equinox, GMC Terrain, Cadillac XT4, Bolt EV, Chevrolet Silverado and GMC Sierra.

GM said preproduction work on those programs would be pushed back to calendar year 2021, with most of the updated vehicles scheduled to be launched as 2022 models.

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