General Motors said it is laying off hundreds of workers at its Spring Hill, Tenn., assembly plant because of ‘moderating’ sales of two crossover SUV models built there. GM GM 0.82% notified employees at its Spring Hill, Tenn., assembly plant Friday that the company will lay off the overnight shift because of “moderating” sales of the two crossover SUV models built there. “We believe the best way to react…is to reduce output.”The factory makes the GMC Acadia and Cadillac XT5 crossover SUVs. Analysts say more buyers are choosing crossover SUVs for their functionality and improved handling in bad weather. Yet more SUV models are expected to hit showrooms over the next few years at car companies seek to offset weakening car sales.

Source: Wall Street Journal September 22, 2017 23:03 UTC