GM Closes Four Truck Plants

Categories: News | Business & Finance

- Plants located in Moraine, Ohio, Janesville, Wisconsin, Ontario, Canada and Toluca, Mexico
- All will close by 2010
- Nearly 8,400 jobs will be lost
- GM's May 2008 sales volume down 28 percent
- Hummer SUV could be sold off

On June 3, 2008, General Motors announced it was stopping production at four of its North American assembly plants by 2010. All of the plants affected manufacture SUV's and pickup trucks.
GM says the plants it will close are located in Ohio, Wisconsin, Canada and Mexico.
Gas Prices and SUV's

GM is also reportedly considering stopping production of its Hummer sport utility vehicle and shifting focus toward its smaller cars. Company chairman Rick Wagoner said rising gas prices are "changing consumer behavior and changing it rapidly."
Sales of the company's more popular SUV's, including the Chevrolet Tahoe and Trailblazer have been declining as prices at the pump continue to climb.

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GM Closes Four Truck Plants Questions
- What will be the impact, if Toyota closes the Nummi plant? 1 Answer
  
  4,600 people work at NUMMI. Toyota today has over-capacity in many markets (this happens with many other auto manufactures as well), so they may not relocate t... read more
- Should GM focus on cargo transportation and abandon passenger transportation? 1 Answer
  
  Worst idea ever. Why? Because this would actually eliminate thousands of jobs. That trumps one of the reasons right there. It may reduce the cost of moving carg... read more
- How could GM revive itself by following Wal-marts business model? 1 Answer
  
  I don't think the 1 dealer per state model would work, I agree that they may have too many dealers at this point but one per state is too few. Some states are j... read more
- How much cost cutting will GM need to survive? 2 Answers
  
  According to most analysts, more than 10B per quarter. http://www.huffingtonpost.com/steve-parker/can-gm-survive_b_113740.html read more
view more questions...
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