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Ryan Eashoo
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General Motors Corp. said last week it will temporarily close 20 factories across North America and make sweeping cuts to its vehicle production. Many of those plants will be shut down for the entire month of January.
GM said Wednesday it was delaying or cancel construction of a new engine factory in Flint, Mich., in an effort to conserve cash. The plant is to make 1.4-liter engines for the Chevrolet Cruze and the Chevy Volt plug-in electric car, two key products in the century-old automaker's plan to turn itself around after relying on highly profitable truck and SUV sales.
The plant's engines will extend the range of the rechargeable Volt, GM's high-profile next-generation vehicle that will be able to travel 50 miles on electricity alone. They will also power the Cruze, GM's new small car that is supposed to get around 40 miles per gallon.
GM announced plans in September for the new engine plant, but the company is delaying the purchase of big-ticket items needed to build the factory, such as structural steel, GM spokeswoman Sharon Basel said.
Basel said Volt and Cruze development will continue as scheduled and the company still plans to bring them to showrooms in 2010.
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_________________ Flint Michigan Resident, Tax Payer, Flint Nutt - Local REALTOR - Activist. www.FlintTown.com |
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Wed Dec 17, 2008 11:00 pm |
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Ryan Eashoo
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More Bad News. I don't even turn on the TV anymore cause all the news stations talk about is the ecconomy! Sometimes I wonder by talking and talking and talking and talking about it if it actually makes it worst. Scares more people, depresses more boses, makes people consume less.
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_________________ Flint Michigan Resident, Tax Payer, Flint Nutt - Local REALTOR - Activist. www.FlintTown.com |
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Thu Dec 18, 2008 3:25 pm |
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Dave Starr
F L I N T O I D
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As far as I know, the Volt engine plant is on hold & they still have plans to build it. I got an email from a friend that's still working, & she said everyone is od edge because nobody knows what's going to happen. |
_________________ I used to care, but I take a pill for that now.
Pushing buttons sure can be fun.
When a lion wants to go somewhere, he doesn’t worry about how many hyenas are in the way.
Paddle faster, I hear banjos. |
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Thu Dec 18, 2008 3:57 pm |
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