General Motors (GM) has announced the ensuing closure of four of its production plants due to changes in market conditions.
Rising fuel prices and the unstable economy have altered consumer requirements, with many now opting for smaller cars, and so GM has been forced to “aggressively respond to growing demand for fuel-efficient vehicles and to economic and market challenges in North America.”
The Oshawa, Ontario; Janesville, Wisconsin; Moraine, Ohio; and Toluca, Mexico sites are all to cease operations, with little likelihood of being reopened in the future. It is hoped the move will save the company $1 billion a year from 2010.
