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GM details its summer shutdowns
GM details its summer shutdowns
Posted Friday, Apr 24, 2009, 1:15 pm in Industry News
Hopes that the U.S. automotive industry had hit bottom this spring were dashed Thursday when General Motors Corp. confirmed that it is planning extended shutdowns this summer at its North American assembly, stamping and powertrain factories, said the Detroit Free Press.
GM wouldn’t say how many of its 55,000 autoworkers would be affected, the paper said. But Troy Clarke, GM North America president, estimated that 40 percent of GM’s plants in the United States, Canada and Mexico would be offline at the peak of the shutdown in June, the Free Press said.
The shutdown, which first leaked to the public late Wednesday, will cut about 190,000 vehicles from GM’s North American production schedule in an effort to reduce swelling dealer inventories, the article said. Through March, GM’s sales in the United States were down 48.8 percent. Industry analysts predict that other automakers will also cut production, the paper said.
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Rick
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