GM Considers Shutting Factories for Nine Weeks

General Motors might halt production at some of its U.S. factories for up to nine weeks this summer to combat slumping auto sales, according to people familiar with the plan.

GM typically closes its facilities for two weeks in July to change production lines for new models. Much like over the winter holidays, the automaker might extend that scheduled shutdown at unproductive plants to help bring down the growing stockpile of unsold cars and trucks, particularly if sales remain at their depressed levels.

GM has yet to decide what factories it would close and for how long. A shutdown that began around Christmas lasted through much of January.

Read Full Article from Washington Post

- Posted: 2009-04-23 08:49:18

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