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Why is GM halting the production of it’s popular pick-ups?

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General Motors (GM) has announced a temporary halt in the production of its popular pickup trucks due to parts shortages, although has not specified which parts are in short supply.

This interruption arrives at a challenging juncture as industry analysts observe GM and Stellantis, another major automotive company, increasing their inventory over the past couple of months in anticipation of a potential strike by the United Auto Workers (UAW).

Negotiations are currently underway between UAW and GM, Stellantis, and Ford Motor Co., as the existing contract between the three automakers and the union is set to expire on September 14.

Kevin Kelly, a spokesperson for GM, confirmed on Thursday that the Fort Wayne Assembly located in Indiana will cease all production during the week of August 28.

The assembly plant is responsible for manufacturing GM’s full-size Chevrolet Silverado and GMC Sierra light-duty pickups.

Kelly indicated that production at this facility is anticipated to resume on September 5, following the Labor Day holiday.

Another impacted production facility is the Wentzville Assembly in Missouri, where GM produces its Chevrolet Colorado and GMC Canyon midsize pickups, as well as the Chevrolet Express and GMC Savana vans.

The impact will be limited to the third shift for the week beginning August 28, with production expected to restart on September 5.

GM’s Silao plant in Mexico experienced a two-week downtime but is scheduled to recommence production on the upcoming Monday. This facility contributes to the production of GM’s full-size light-duty pickups.

In Canada, GM’s Oshawa Assembly faced a temporary shutdown due to a distinct parts-related issue, with plans to resume production on Friday.

This facility is responsible for the manufacturing of heavy-duty and light-duty full-sized Silverado pickups.

GM’s Flint Assembly, where heavy-duty pickups are manufactured, has not encountered any parts-related disruptions and is operating normally.

These production adjustments at facilities such as Wentzville, Fort Wayne, Oshawa, and Silao could potentially hinder GM’s efforts to bolster inventory levels, irrespective of the possibility of a strike.

Notably, all these facilities are involved in the production of pickups, a vehicle segment currently experiencing high demand, as highlighted by Sam Fiorani, Vice President of Global Vehicle Forecasting for AutoForecast Solutions.

“We are working to limit the effect these actions will have on production volumes and inventory,” said GM’s spokesperson Kevin Kelly.

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Why Australia is becoming the new home of the Hollywood blockbuster

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Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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U.S. home prices surge 47%

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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