Zero Percent Financing Boosts GM Light-Truck Sales 10 Percent
General Motors Corp. will keep four truck factories working overtime next week after no-interest financing helped boost the largest
automaker's U.S. light-truck sales 10 percent in September, according to the Detroit Free Press.
The overtime is scheduled for five days at Ft. Wayne, Ind.; four days at Arlington, Texas; and one day each at Moraine, Ohio, and Oshawa, Ontario. GM announced the schedule in an e-mail release and didn't provide further details.
Adding extra hours at the truck plants counters GM's previously announced efforts to curb overtime. Company officials recently issued a four-page edict to manufacturing executives that told them to trim overtime.
"September's sales results demonstrate to us that GM does have legitimate product momentum," said Nick Lobaccaro, an analyst at Lehman Bros. Inc.
The automaker's truck sales increase last month came as industrywide sales fell 8.7 percent and as GM's U.S. total declined 2.8 percent. No-interest financing was offered to spur demand after the Sept. 11 terrorist attacks on the World Trade Center in New York City and the Pentagon in Washington, D.C.
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