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GM unveils its restructuring plan
By Yoann Besnard on 5 June 2008 | (0) Comments | Permalink
GM has announced its plan to close four factories and maybe lay off 10,000 people in an attempt to restructure its business.
The American carmaker has decided to go bold to restructure its business as quick as possible and adapt to the growing demands for more fuel efficient vehicles. The carmaker will close four factories by the end of 2010. The concerned facilities are Oshawa, Moraine, Janesville and Toluca.
Located in Canada,. Oshawa builds the Chevrolet Silverado and GMC Sierra. Production will end next year. The plant in Moraine, Ohio builds the Chevrolet TrailBlazer, GMC Envoy and Saab 9-7x and will cease production in 2010. The Janesville facility located in Wisconsin will be closed by 2010. This plant builds the Chevrolet Tahoe, Chevrolet Suburban and GMC Yukon. Production of the Chevrolet Kodiak will be ceased in the Toluca factory located in Mexico.
In the meantime, the carmaker will continue its switch to smaller models by launching a new global compact car and a new more efficient engine range for the American market. The new compact model will be powered by a turbocharged 1.4-litre engine.