General Motors has decided to shut down its medium-duty truck operations.
In a short, two-sentence announcement on its web site, GM said, "After four years of working with multiple potential buyers, General Motors has decided to wind-down its medium-duty truck operations. Production of the Chevy Kodiak and GMC Topkick medium-duty trucks will cease by July 31."
Last year, a deal fell through for Navistar to buy GM's medium-duty truck business. (See "Navistar/GM Deal Stalls Out," 8/21/2008).
In a short, two-sentence announcement on its web site, GM said, "After four years of working with multiple potential buyers, General Motors has decided to wind-down its medium-duty truck operations. Production of the Chevy Kodiak and GMC Topkick medium-duty trucks will cease by July 31."
Last year, a deal fell through for Navistar to buy GM's medium-duty truck business. (See "Navistar/GM Deal Stalls Out," 8/21/2008).
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