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.
