GM cutting production by 250,000 vehicles in Q1

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General Motors has just announced it will cut vehicle production in the first quarter of 2009 by 250,000 units. The slowdown in production will reportedly affect some 21 factories in the U.S., Canada and Mexico, which may see their traditional shut-down period over the holidays extended through the end of January, and in some cases into February. This means that most GM factories in North America will sit idle for nearly a third of Q1 2009. GM has not specified which plants will be affected and how, but some workers were already notified this morning of the extended shut down period. We expect a press release from the General later today with more specifics, so stay tuned.

UPDATE: Follow the jump for official press release from GM detailing exactly which plants in the U.S., Canada and Mexico will be affected.

[Source: The Detroit Free Press, Photo by Bill Pugliano/Getty]

Continue reading GM cutting production by 250,000 vehicles in Q1

GM cutting production by 250,000 vehicles in Q1 originally appeared on Autoblog on Fri, 12 Dec 2008 12:55:00 EST. Please see our terms for use of feeds.

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