There can never be. We want maximum production, at least per hour worked. It is the purpose of the economic system. There can only be production of the wrong things. In the market, this will be adjusted by the price signals. A company goes bust, leaving the resources for a better adapted company.

GM has stuffed the distribution channel with nearly a million cars. It is not on their balance sheet. This can only happen if there is a major price distortion. My guess is that they give the distributors loans, backed by gifts from their government friends. If nothing more, just an implicit guarantee of a future bailout could have been enough.