GM To Shut Most U.S. Plants Up To 9 Weeks Beleaguered Automaker Will Close Factories This Summer

[Maru Kitteh]

GM To Shut Most U.S. Plants Up To 9 Weeks
Beleaguered Automaker Will Close Factories This Summer Amid Slumping Sales, Sources Say

CBS/AP) 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.

The exact dates of the closures were not known, but both people said they will occur around the normal two-week shutdown in July to change from one model year to the next. Neither person wanted to be identified because workers have not been told of the shutdowns.

GM spokesman Chris Lee would not comment other than to say the company notifies employees before making any production cuts public.



http://www.cbsnews.com/stories/2009/04/22/business/main4962396.shtml?source=RSSattr=HOME_4962396

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