U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics > Business
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 12-12-2008, 10:33 AM
 
Location: Tennessee/Michigan
28,227 posts, read 47,656,129 times
Reputation: 19735

Advertisements

DETROIT (AP) -- General Motors Corp. says it will cut another 250,000 vehicles from its first-quarter production schedule by temporarily closing 21 factories across North America.

The move affects most plants in the U.S., Canada and Mexico. Many will be shut down for the whole month of January.

News from The Associated Press (http://hosted.ap.org/dynamic/stories/G/GM_CUTS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIM E=2008-12-12-12-24-55 - broken link)
Reply With Quote Quick reply to this message

 
Old 12-12-2008, 04:57 PM
 
Location: Great State of Texas
86,093 posts, read 72,598,790 times
Reputation: 27566
With the glut of cars in lots and docks and no buyers, this isn't such a bad thing.
Too much inventory so this shouldn't be "shock" news. There's still plenty of cars just sitting around waiting for buyers.

Even if they got a bailout they may still have to do this as they are running out of places to stock the inventory.
Reply With Quote Quick reply to this message
Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Business
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 06:34 AM.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top