Facing slumping sales and extreme cost cutting, General Motors will shutter most of its U.S. plants for nine weeks this summer. General Motors has yet to confirm the plan, but two inside sources say the Detroit-based automaker has already decided to extend its summer shutdown.
According to the Associated Press, the shutdowns include GM’s already planned two-week shutdown in July. The extra seven weeks of closure will help GM and its dealers clear out some of the unsold inventory.
It remains unclear which plants will be impacted by the shut down and for how long, but it looks as though many of GM’s U.S. plants will be included in the closure.
GM has been living off a $13.4 billion government loan and could face bankruptcy if it can’t drastically turn around its North American operations.
04/22, 6:07 PM
posted by:
JakeK66
Like this is really news…. You had to be completely nuts to think GM wouldn’t be shut down for an extended period of time again.
04/22, 6:39 PM
posted by:
gta89mike
Don’t worry, Toyota and Honda will announce the same thing, but it won’t be headline breaking news. Just like whenever they have a recall, it ends up being at the back of the sports section.
04/22, 7:09 PM
posted by:
Ring-Taxi
So much for GM having the hottest products evarr.
04/22, 7:16 PM
posted by:
RaineMan
Didn’t you hear… there aren’t going to be any 2010 models. There are so many left over from 2009 they can sell them instead.
04/22, 7:17 PM
posted by:
DrFill
GTA
Damn str8!
Some companies deserve respect
DrFill
04/22, 8:23 PM
posted by:
Borat
I don’t give kaka if Toyota and Honda will be shut down: my taxes don’t pay for them working in the first place.
04/22, 9:41 PM
posted by:
Rafa LL
Before divorcing you ask for some time…
04/22, 10:15 PM
posted by:
johnnycanuck
9 weeks? Are they going to award the Stanley Cup when it’s over?
04/22, 11:15 PM
posted by:
DrFill
My advice:
Take 2 weeks off
Then QUIT!
DrFill
04/23, 7:07 AM
posted by:
fan
thats a nice try of GM to coin the workers into the whole thing… but i doubt it will work out the way GM planned… the workers WILL eventually stand at the plants gates when the 9 weeks are over… pity is… the gates wont open, but the workers will see big “fire sale” and “abandoned” signs all over the place
04/23, 8:23 AM
posted by:
gta89mike
Borat – Why should our tax money go to help foreign companies survive? The Japanese tax money is doing that. You guys get so upset that our tax money is going to GM and Chrysler. Every other government is doing the same thing for their auto industry, except their governments aren’t spending $10 billion a month in Iraq. WE ARE NEVER GETTING THE MONEY BACK FROM IRAQ, but these are loans that have top priority in a liquidation.
04/23, 10:34 AM
posted by:
Z06ified
By the summer? GM will have already filed for Ch.11 Bankruptcy protection long before this summer shut down. This isn’t a scare tactic – the UAW will have already been shafted in bankruptcy court before this 9 week shutdown. Then the taxpayers and GM will no longer have to pay Bubba $70/hr. to stay at home with full benefits under his UAW contract.
04/23, 11:42 AM
posted by:
injunraiv
In my experience, those that are pissed over the ‘bailout’ loans for GM & Chrysler have no problem with subsidizing the oil companies. Funny how that works…
04/23, 12:00 PM
posted by:
sj79
“I don’t give kaka if Toyota and Honda will be shut down: my taxes don’t pay for them working in the first place.”
They dont pay for GM either. The money is either borrowed or printed and if it didnt go to GM it was going to a bank or auto lending company. It came from TARP and they money was allocated last fall. GM not getting this money would not have gotten you a refund. If you want them to go under and default on the loan keep promoting anti GM propoganda and buying Toyotas. Makes a lot of sense. You care about your taxpayer dollars so you do everything in your power to help speed up GM’s demise so that they will go under and not pay back the money. You’re a genius.
04/23, 2:29 PM
posted by:
fan
face the facts, GM is NEVER gonna repay the loans
04/23, 10:28 PM
posted by:
DrFill
SJ
“If you want them to go under and default on the loan keep promoting anti GM propoganda and buying Toyotas”
Uh……ok!
GM doesn’t need any of our help to hasten their demise
I think they’ve always had that matter well orchestrated
If someone wants to buy a better car from a better company, I say that’s as American as Apple Pie
I like GM’s lineup
I just don’t like GM
The people have spoken
DrFill
04/24, 8:37 AM
posted by:
sj79
Dr. Fill:
I know its hard but try to think logically. How is going around the internet trashing GM and telling people to buy Japanese even if GM’s products are competitive going to help taxpayers get thier money back? It is the epitome of stupidity. Idiots like Borat are going around saying “I’ll never buy GM because they got taxpayer money” when not buying GM is only going to lead to taxpayers losing their investment. I never said buy inferior products from GM- you did. Thats the whole problem with you head in the sand import fanboys- you refuse to acknowledge that you are not sacrificing anything when you buy American in 2009. Maybe 1989 was a different story. Essentially you believe its “American” to buy average products with a Japanese badge just to spite GM and help speed up their liquidation. That isnt American as apple pie, thats insanity.