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Old 12-12-2008, 10:33 AM
Location: Tennessee/Michigan
28,227 posts, read 47,656,129 times
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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)
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Old 12-12-2008, 04:57 PM
Location: Great State of Texas
86,093 posts, read 72,598,790 times
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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.
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