By
The Associated Press
.
Published: Tue, June 03, 2008 - 11:35 am
Last Updated: Tue, June 03, 2008 - 11:38 am
WILMINGTON, Del. (AP) - As it works to focus on smallervehicles, General Motors is closing four truck and SUV plants in
North America in response to surging fuel prices.
Ahead of the automaker's annual meeting, CEO Rick Wagoner said
the plants to be idled are in Oshawa, Ontario; Moraine, Ohio;
Janesville, Wisconsin; and Toluca, Mexico. He also said the
gas-guzzling Hummer brand could be sold or revamped.
Wagoner said the GM board has approved production of a new small
Chevrolet car at a plant in Lordstown, Ohio, in 2010 and production
of the Chevrolet Volt electric vehicle in Detroit.
Wagoner announced the moves in response to slumping sales of
pickups and SUVs brought on by high oil prices. He said a market
shift to smaller vehicles is permanent.
The moves are intended to save GM a billion dollars a year
starting in 2010.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
Gas Prices Falling
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