Tuesday, June 3, 2008
GM to close 4 truck plants and Hummer possibly goes away
General Motors announced today that it has plans to shut down four plants. Four truck and suv plants that employ thousands.
At a news conference in Wilmington, Del., GM Chairman and CEO Rick Wagoner announced plans to roll out more fuel-efficient vehicles, including approval to start the production process on a vehicle that can run gas-free for trips up to 40 miles.
"These higher gasoline prices are changing consumer behavior and rapidly," said Wagoner. "We don't think this is a temporary spike or shift. We think it is permanent."
Read the full article at CNN.com
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