New Silverado and Sierra fall short of sales projections

GM was hoping that its GMT-900 pickup trucks would boost in sales rapidly in the US, but the numbers haven't met their expectations so far. The trucks are taking longer time to sell than its predecessor, and to make matters even worse, the new trucks are driving off the showrooms with only $420 less incentives than the model it's replacing.

GM reported that only 200,505 of the new trucks were sold in the first quarter of 2007, and "well below" their internal projections have forecasted. Discounts on the new trucks averaged $2453, and sat an average of 81 days on the lot. That's contrary to 55 days for the GMT-800 trucks for the first quarter of 2006.

[Source: LLN]

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NHTSA to investigate GM SUVs for fuel leak issue

The National Highway Traffic Safety Administration announced today that it is investigating General Motors' GMC Envoy and Chevrolet TrailBlazer for corrosion problems that can lead to fuel leaks. The investigation could lead to a recall of more than 800,000 of the popular SUVs.

[Source: Inside Line: Edmunds]

Continued- Article

The investigation covers 2002 and '03 models. The two vehicles sold a combined 418,381 units in 2003, although sales of the big SUVs have dropped in subsequent years. NHTSA said there have been 16 reports of leakage from the vehicles' fuel pump module, apparently caused by corrosion.

http://www.edmunds.com/insideline/do/News/articleId=120074

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