Wednesday, April 22, 2009

GM to Close US Factories This Summer

I guess they are trying to save money in any way that they can and that means not making as many cars as they did in previous years.

General Motors Corp. is planning to temporarily close most of its U.S. factories for up to nine weeks this summer because of slumping sales and growing inventories of unsold vehicles, two people briefed on the plan said Wednesday.

Too bad they don't get a chance to furlough the workers during that period and make the UAW pay their salaries during the time that the factories are shut down. That could give GM a breather in which they can build up some cash for the long haul.

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