All Gm Plants Closing?!?

[Nick The Great]

DETROIT (AP) -- Two people briefed on the plan say General Motors Corp. will close most of its U.S. factories for up to nine weeks this summer because of slumping sales and growing inventories of unsold vehicles.

 

The people did not know exactly when the shutdowns would occur, but both say they will include the normal two-week closure in July to change from one model year to the next. Neither person wanted to be identified because workers have not been told of the shutdowns.GM spokesman Chris Lee would not comment other than to say the company notifies employees before making any production cuts public.

 

GM is living on $13.4 billion in government loans and faces a June 1 deadline to restructure or seek bankruptcy protection.

 

http://finance.yahoo.com/news/AP-SourcesGM...04037.html?.v=2

 

Not really a good thing . . .

[Bowtie2Sierra]

I don't think this is a surprise to many and probably not a bad thing either. This will help eleviate some excess inventory and save on some operating expenses.

[pennzoil29]

I don't think this is a surprise to many and probably not a bad thing either. This will help eleviate some excess inventory and save on some operating expenses.

 

 

[omegafiler]

I don't think this is a surprise to many and probably not a bad thing either. This will help eleviate some excess inventory and save on some operating expenses.

 

 

 

 

Indeed

[J-man67]

That does suck for the workers, but will help the CO as a whole in the end. Although, when my dad gets back from Iraq, he might not have a job with GM anymore...

[RyanbabZ71]

Son of a .... I guess I will have to wait longer for a 2010 truck (LT 6.2 CC) to come out then

[KCXLT]

Will this affect CAMI? We were going to look at the new Equinox, the wifes lease is up in August. If they delay getting those to the lots I'll have to look else where, or buy her car out.

[C. Charles Hahn]

Will this affect CAMI? We were going to look at the new Equinox, the wifes lease is up in August. If they delay getting those to the lots I'll have to look else where, or buy her car out.

 

I'm willing to bet the plants building higher demand vehicles and/or new models won't be closing like the rest of them. The new Equinox and SRX, Camaro, and the CTS facilities probably won't close for as long, if at all.

[BuckFeverZ]

Good thing Matt ordered his truck when he did

[mattgob86]

Good thing Matt ordered his truck when he did

 

 

That is what i was thinking just this morning

[VMax2007]

Good thing Matt ordered his truck when he did

 

 

That is what i was thinking just this morning

 

 

is it built yet?

[bigdogxx]

Great a 2 month vacation for all of gm's employees in those plants paid for by you and me, just wonderful!

[Sigmawess]

My plant is feeling it all the way down in Texas. We have to idle one of our units that makes a material that goes into polycarbonate due to this. It will be down for the rest of the year.

[mattgob86]

Good thing Matt ordered his truck when he did

 

 

That is what i was thinking just this morning

 

 

is it built yet?

 

 

NEXT week.

 

I AM SOOO EXCITED.

[Alljackedup408]

lol