GM to close four plants
Chief Executive Rick Wagoner, in a press conference before the annual meeting, said GM would close the four North American truck plants and add shifts at two US plants making more popular and better-mileage cars to realign output with a US auto market reeling from an oil shock being compared with those of the 1970s.
GENERAL Motors said Thursday it will shut down 13 North American plants over several weeks this year to align auto production with weaker demand.