Unfortunately, workers at many General Motors plants will get an extended holiday this Christmas season. With the economy in poor shape, consumers are buying significantly fewer cars than last year. Accordingly, General Motors will scale back production to meet current lowered market demands. GM's sales, in particular, are down 41 percent overall versus last year.
As a result, the automaker will reduce its planned production by some 250,000 units in a move which will effectively 'idle' about 30 percent of their assembly plant volume in North America. The production cuts are planned for the first quarter of 2009.
In Canada, the city of Oshawa will be hit hard--with both the Oshawa Consolidated plant that builds the Impala, and the GM Truck plant affected.
GM's co-operative CAMI plant will be affected as well. The CAMI facility builds the Torrent and Equinox SUV models.
On the US side, plants will be idled in Ft. Wayne, Flint, Lansing Delta Township and Arlington. Three Mexican facilities will be idled as well.
According to a press release from GM, the speed and severity of the U.S. auto market's decline has been unprecedented in recent weeks as consumers reel from the collapse of the financial markets and resulting lack of credit for vehicle financing.
Chrysler, Honda, Toyota, Porsche, Nissan and Ford have announced production cutbacks as well.
photo:General Motors
As a result, the automaker will reduce its planned production by some 250,000 units in a move which will effectively 'idle' about 30 percent of their assembly plant volume in North America. The production cuts are planned for the first quarter of 2009.
In Canada, the city of Oshawa will be hit hard--with both the Oshawa Consolidated plant that builds the Impala, and the GM Truck plant affected.
GM's co-operative CAMI plant will be affected as well. The CAMI facility builds the Torrent and Equinox SUV models.
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On the US side, plants will be idled in Ft. Wayne, Flint, Lansing Delta Township and Arlington. Three Mexican facilities will be idled as well.
According to a press release from GM, the speed and severity of the U.S. auto market's decline has been unprecedented in recent weeks as consumers reel from the collapse of the financial markets and resulting lack of credit for vehicle financing.
Chrysler, Honda, Toyota, Porsche, Nissan and Ford have announced production cutbacks as well.
photo:General Motors