GM's big financial problems and the high petrol prices is really laying a big pressure on GM.
As the "Big bad wolf" off US auto industry, they have the biggest pickup and SUV production in the US.
But due to extremly high fuel prices, not just in the US, they are having big problems selling the fuel consuming SUV's and pickup's.
And due to low sales, the management has decided to give factorys summer vacation.
Following plants will be shut down from 1 week to 11 weeks:
Fort Wayne, Ind.; Arlington, Texas; Janesville, Wis.; Moraine, Ohio; Silao, Mexico; and Oshawa, Ontario.
And, just to top it of, GM has hired a company, to find a buyer for theire biggest brand, HUMMER, and it's not just the name that's up for grabbs,
it's the hole HUMMER factory, brand and all that follows.
Who is the potential byuers?
The rummers has it that eighter Tata Motors or "Mahindra and Mahindra" might buy HUMMER, but other potential buyers are in the sights.
Source of info:
www.egmcartech.com...
[edit on 24-6-2008 by Phoebus]
