BREAKING: HUMMER may die, 4 GM plants to close, Volt approved for production
In other news from GM, the company will move beyond the already announced shift eliminations at truck plants and close four factories. The closures of the truck plants in Janesville, Wisconsin; Oshawa, Ontario; Moraine, Ohio; and Toluca, Mexico will occur by 2010, affecting 10,000 workers. Workers at those plants who are not taking advantage of the current round of buyouts will be offered transfers to other plants where available.
It's not all gloom and down down at the Tubes though. Wagoner revealed that the board of directors has approved two programs for the production. The new compact Chevrolet sedan we talked about yesterday, has been approved for a 2009 launch at the Lordstown Ohio plant and the Chevy Volt has been approved for a 2010 launch in Detroit. Thanks to Craig and Matthew for the tips!
[Sources: Chicago Tribune, General Motors]
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