On Monday morning, General Motors will apparently announce that it will close 14 factories by the end of 2010 in a bid to save cash as part of its restructuring. The plant closures come as little surprise, considering industry sales are way down and the Detroit automaker plans to jettison four brands by the end of 2010.
There’s little speculation as to what plants will be terminated, though expect the numbers to include stamping, component and assembly plants. Early reports indicate that four assembly plants will be closed.
According to the Associated Press, union chiefs have not been alerted as to which plants will be shuttered. The announcement will come from GM, not the UAW as has become common.
GM has already announced the closure of two of the 16 plants it said it would shut down: An engine plant in Massena, New York, and a stamping plant near Grand Rapids, Michigan.
