GM to close four plants, may jettison Hummer

| 6/3/2008

Faced with sharply declining sales of its fuel-guzzling pickups and SUVs, General Motors Corp. has announced it’s closing four of its truck plants in Moraine, OH; Janesville, WI; Oshawa, Ontario; and Toluca, Mexico.

The plants will close in 2009 and 2010 and probably won’t reopen. They employ a total of 7,590 hourly and 676 salaried employees, company officials said. No word yet on how many workers may lose their jobs.

Before the automaker’s annual meeting in Delaware, CEO Richard Wagoner said at a news conference Tuesday morning, June 3, that the Hummer brand will be reviewed and potentially sold or revamped.

And GM announced that its electric car, the Chevy Volt, should be in showrooms by the end of 2010.