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GM Shutdown in NA

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Old Dec 12, 2008 | 02:56 PM
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Default GM Shutdown in NA

Talk about ouch.

http://www.ctv.ca/servlet/ArticleNew...212?hub=Canada

On Friday morning, General Motors confirmed that it will stop virtually all North American production in January. That would cut 250,000 vehicles from its first-quarter production schedule. In all, 21 factories across North America will be affected.
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Old Dec 12, 2008 | 02:59 PM
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You had to wonder when management or the board was going to say that no matter what goes in DC or anywhere else, we have to take some steps pronto or their won't be any carcass to pick over. I believe they are going from an estimated 885,000 vehicles produced in the first quarter down to 600,000. Still a whole bunch of cars out there with the market the way it is.
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Old Dec 12, 2008 | 04:49 PM
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Smart move on their part. You have to significantly cut production in these times.
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Old Dec 12, 2008 | 07:13 PM
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ic even the great rick wagoner couldn't eliminate the union, so he just went ahead and fired everybody lol
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Old Dec 12, 2008 | 08:16 PM
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WOW I new they were screwed but I didnt think it was that critical this soon.
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