General Motors Corp and Chrysler aim to drop as many as 3,000 U.S. dealers and are expected to begin sending notifications as early as Thursday, three people briefed on the still developing plans said.
GM, facing a U.S. government-imposed deadline of June 1 to restructure or file for bankruptcy, is expected to send termination notices to up to 2,000 dealers — a third of its roughly 6,000 U.S. dealers, the sources told Reuters. (Reuters)
No Comments[GM] … laid out a plan to close more factories, eliminate thousands of dealerships and slash 47,000 jobs this year around the world. (Calculated Risk)
No Comments- The future of the U.S. auto industry was in doubt Friday morning after a proposal for $14 billion in federal loans died in a late night Senate vote.
No CommentsThe worsening U.S. auto sales slump claimed another 2,000 workers Friday as General Motors Corp. announced layoffs at three more car factories.
The company said it will cut shifts at car factories in Lordstown, Ohio; Orion Township, Mich.; and Oshawa, Ontario, starting in February due to slowing demand for their products.
“It’s all market driven, as all of our changes have been of late,” spokesman Chris Lee said.
The layoffs amount to 2.4 percent of GM’s North American blue-collar work force of 84,000. So far this year, GM has announced 11,000 factory worker layoffs in the U.S. (AP)
No Comments