GM to Close (SOME) North American Operations in January
12-12-2008, 12:50 PM
#1
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GM to Close (SOME) North American Operations in January
What does this do for the new Camaro?
***Link Edited and Displayed from Original Source Below***
Thanks, Jason
***Link Edited and Displayed from Original Source Below***
Thanks, Jason
Last edited by ZZMike; 12-12-2008 at 12:55 PM. Reason: GM Media Link Given
12-12-2008, 12:53 PM
#2
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Slight difference between ALL and 30% (well...for now anyway). Here's the source and complete information:
http://media.gm.com/servlet/GatewayS...74&docid=50965
http://media.gm.com/servlet/GatewayS...74&docid=50965
FOR RELEASE: 2008-12-12
GM Announces Significant Production Cuts for Q1 '09
Moves In Direct Response to Rapidly Deteriorating Market Conditions
DETROIT - General Motors announced today a significant reduction of planned production for the first quarter of 2009 due to the ongoing and severe drop in industry sales, which were down 36 percent in November overall and 41 percent for GM (2007 vs. 2008). The impact of these and recently announced actions to adjust production with market demand, will result in the temporary idling of approximately 30 percent of GM's North American assembly plant volume during the first quarter of 2009 and will remove approximately 250,000 units from production.
The speed and severity of the U.S. auto market's decline has been unprecedented in recent weeks as consumers reel from the collapse of the financial markets and the resulting lack of credit for vehicle financing.
The following U.S., Canada and Mexico operations impacted by today's announcement include:
U.S.:
* Ft. Wayne (Ind.) - Chevy Silverado, GMC Sierra Light Duty Regular and Extended Cab
* Flint Assembly (Mich.) - Chevy Silverado, GMC Sierra Heavy Duty Regular and Crew Cab & Medium Duty
* Wentzville (Mo.) - Chevy Express, GMC Savanna
* Lansing Delta Township (Mich.) - Buick Enclave, GMC Acadia, Saturn Outlook
* Pontiac Assembly (Mich.) - Chevy Silverado, GMC Sierra Heavy Duty Extended Cab
* Spring Hill (Tenn.) - Chevy Traverse
* Fairfax Assembly (Kan.) - Chevrolet Malibu/Hybrid, Saturn Aura/Hybrid
* Arlington Assembly (Texas) - Full Size SUVs: Chevy Suburban, Tahoe & Tahoe Hybrid, GMC Yukon, Yukon XL & Yukon Hybrid, Cadillac Escalade/Escalade ESV & Escalade Hybrid
* Lansing Grand River (Mich.) - Cadillac STS & CTS
* Orion (Mich.) - Chevy Malibu, Pontiac G6
* Detroit-Hamtramck (Mich.) - Buick Lucerne, Cadillac DTS
* Shreveport (La.) - Chevy Colorado, GMC Canyon, Hummer H3 & H3T
* Bowling Green (Ky.) - Chevy Corvette, Cadillac XLR
* Wilmington (Del.) - Pontiac Solstice, Saturn Sky, Opel GT
Canada:
* Oshawa Consolidated - Chevy Impala
* Oshawa Truck - Chevy Silverado, GMC Sierra Light Duty Extended and Crew Cab
* CAMI - Chevy Equinox, Pontiac Torrent
Mexico:
* Silao - Chevy Silverado, GMC Sierra Light Duty Crew Cab, Chevy Avalanche, Cadillac Escalade EXT
* Ramos 2 - Chevy HHR, Saturn VUE, Chevy Captiva
* San Luis Potosi - Chevy Aveo, Pontiac G3
As a result of these assembly plant actions, GM will also continue to assess its powertrain and stamping capacity needs and make adjustments as appropriate.
General Motors Corp. (NYSE: GM), the world's largest automaker, has been the annual global industry sales leader for 77 years. Founded in 1908, GM today employs about 252,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 34 countries. In 2007, nearly 9.37 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services. More information on GM can be found at www.gm.com.
GM Announces Significant Production Cuts for Q1 '09
Moves In Direct Response to Rapidly Deteriorating Market Conditions
DETROIT - General Motors announced today a significant reduction of planned production for the first quarter of 2009 due to the ongoing and severe drop in industry sales, which were down 36 percent in November overall and 41 percent for GM (2007 vs. 2008). The impact of these and recently announced actions to adjust production with market demand, will result in the temporary idling of approximately 30 percent of GM's North American assembly plant volume during the first quarter of 2009 and will remove approximately 250,000 units from production.
The speed and severity of the U.S. auto market's decline has been unprecedented in recent weeks as consumers reel from the collapse of the financial markets and the resulting lack of credit for vehicle financing.
The following U.S., Canada and Mexico operations impacted by today's announcement include:
U.S.:
* Ft. Wayne (Ind.) - Chevy Silverado, GMC Sierra Light Duty Regular and Extended Cab
* Flint Assembly (Mich.) - Chevy Silverado, GMC Sierra Heavy Duty Regular and Crew Cab & Medium Duty
* Wentzville (Mo.) - Chevy Express, GMC Savanna
* Lansing Delta Township (Mich.) - Buick Enclave, GMC Acadia, Saturn Outlook
* Pontiac Assembly (Mich.) - Chevy Silverado, GMC Sierra Heavy Duty Extended Cab
* Spring Hill (Tenn.) - Chevy Traverse
* Fairfax Assembly (Kan.) - Chevrolet Malibu/Hybrid, Saturn Aura/Hybrid
* Arlington Assembly (Texas) - Full Size SUVs: Chevy Suburban, Tahoe & Tahoe Hybrid, GMC Yukon, Yukon XL & Yukon Hybrid, Cadillac Escalade/Escalade ESV & Escalade Hybrid
* Lansing Grand River (Mich.) - Cadillac STS & CTS
* Orion (Mich.) - Chevy Malibu, Pontiac G6
* Detroit-Hamtramck (Mich.) - Buick Lucerne, Cadillac DTS
* Shreveport (La.) - Chevy Colorado, GMC Canyon, Hummer H3 & H3T
* Bowling Green (Ky.) - Chevy Corvette, Cadillac XLR
* Wilmington (Del.) - Pontiac Solstice, Saturn Sky, Opel GT
Canada:
* Oshawa Consolidated - Chevy Impala
* Oshawa Truck - Chevy Silverado, GMC Sierra Light Duty Extended and Crew Cab
* CAMI - Chevy Equinox, Pontiac Torrent
Mexico:
* Silao - Chevy Silverado, GMC Sierra Light Duty Crew Cab, Chevy Avalanche, Cadillac Escalade EXT
* Ramos 2 - Chevy HHR, Saturn VUE, Chevy Captiva
* San Luis Potosi - Chevy Aveo, Pontiac G3
As a result of these assembly plant actions, GM will also continue to assess its powertrain and stamping capacity needs and make adjustments as appropriate.
General Motors Corp. (NYSE: GM), the world's largest automaker, has been the annual global industry sales leader for 77 years. Founded in 1908, GM today employs about 252,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 34 countries. In 2007, nearly 9.37 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services. More information on GM can be found at www.gm.com.
12-12-2008, 01:04 PM
#3
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Understand, this is the part that really scares me......
http://www.640toronto.com/Channels/R...spx?ID=1046361
I absolutely hope that this is not the case.
http://www.640toronto.com/Channels/R...spx?ID=1046361
I absolutely hope that this is not the case.
12-12-2008, 01:29 PM
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I know Jason and some other guys won't like hearing it, but.....
I think we all better prepare ourselves to accept the fact that Camaro might be delayed -- or that we might never actually get it at all, if things continue the way they are.
In fact, Camaro is the least of our worries - will GM still be operating this spring?
I think we all better prepare ourselves to accept the fact that Camaro might be delayed -- or that we might never actually get it at all, if things continue the way they are.
In fact, Camaro is the least of our worries - will GM still be operating this spring?
12-12-2008, 01:39 PM
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12-12-2008, 01:46 PM
#6
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It kinda sounds like they are trying to scare the White House into giving them access to the TARP funds.
I will say this seems like a smart move on GM's part to stave off bankruptcy without federal funds.
I will say this seems like a smart move on GM's part to stave off bankruptcy without federal funds.
12-12-2008, 01:51 PM
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12-12-2008, 01:55 PM
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Sure. The natural course in the Democratic process comes up with no bailout. But that isn't good enough for the White House. They are circumventing the very fabric of our society. Those funds were made available for the banking crisis. Now they want to use it for something that was not intended. WTF has this country come to?
?
12-12-2008, 02:06 PM
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Yeah, what has this country come to when we can give an obscene amount of money to an industry that pushes paper around without any controls on it, but we can't loan a comparatively insignificant amount to our last great manufacturing industry that is woven INTO the very fabric of our society.
?
?
Bankruptcy and breaking the ridiculous UAW contracts is one way to deal with the problem. GM just stated that they are suspending 30% or so of their plants. GOOD. This is the kind of moves GM needs to do to save cash in this economy.
12-12-2008, 02:39 PM
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And you are talking about bankruptcy like it is an option, which it is not. GM in bankruptcy literally means GM broken into pieces and sold off. It isn't going to survive that way, unless you like Tata Corvettes built in India and the like. I don't believe I am exaggerating.
The UAW contracts are not so ridiculous anymore. The jobs banks had already begun to get eliminated, and I believe I saw somewhere that the average UAW worker makes $9/hour more in salary and benefits combined than the average southern ToyoHondissan line worker, and that number is sure to still fall.
12-12-2008, 03:01 PM
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Think about this though. I work in the airline industry. The airlines are in shambles. You can bet your a$$ that they will want a part of the $700 billion if GM gets a piece. And you can also bet it won't end with them.
My real concern is what kind of America are my children going to live in. 10 trillion in debt and climbing......
12-12-2008, 03:08 PM
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My real concern is what kind of America are my children going to live in. 10 trillion in debt and climbing......