General Motors co GM will reportedly halt production at its Fort Wayne truck assembly plant In Indiana, beginning March 27 for the second time in 12 months. All production will be suspended for two weeks.

What happened: Production at the Indiana plant will be shut down for two weeks in hopes of balancing inventory, which currently exceeds demand. Reuters reported on Thursday.

While production rose last month, demand remained flat, leading to a rise in inventories, the report said.

“Production at Fort Wayne Assembly will be suspended for two weeks beginning March 27 to maintain optimal inventory levels at our dealerships,” said a GM spokesman Dan Flores told The Detroit News.

Fort Wayne Assembly workers build more than 1,300 trucks every day, according to GM’s website.

General Motors did not immediately respond to gasoline gas requests for comment.

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Why is that important: Until recently, automakers included ford, Nissan And Stellantis struggled with backlogs due to parts shortages, particularly in EV production.

Semiconductor chip shortages rose due to the COVID-19 pandemic and subsequent lockdowns, particularly in China. The Fort Wayne plant was halted in April last year due to semiconductor shortages that have plagued US automakers for the past two years.

The proposed idle marks a departure from these industry dynamics; Inventory now exceeds demand due to increased vehicle costs and interest rates.

General Motors last month called It expects its core auto business to perform at a consistently strong level in 2023, with full-year net income attributable to shareholders of $8.7 billion to $10.1 billion.

Price promotion: Shares of General Motors fell 4% to $39.24, according to data on Thursday Gasoline Pro.

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