If you think early winter weather is causing you headaches this season, you should hear what General Motors and Ford are putting up with. The companies have seen production slow in at least seven of their manufacturing facilities in Canada and the Midwest thanks to road closings. According to Bloomberg, The General was forced to either slow or stop production of at least eight models, including the Chevrolet Equinox, Camaro and Impala as well as the Cadillac CTS and STS. And Ford hasn't fared mu
For the entire month of December, Ford's plant in St. Paul, Minnesota, where about 1,000 workers assemble the Ford Ranger, will shut down. According to reports, it is normal for the plant to be closed for the week of Christmas, but an additional three weeks of downtime is necessary to "align production with demand."
Over 2006 and 2007, Ford lost $15.3 billion. Over that same time and in light of those losses, the company also shed 33,600 union workers through buyouts and early retirement. Still working through the uphill part of the turnaround, Ford has announced it wants to eliminate another 8,000 to 9,000 factory jobs through buyouts.
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