Thursday, April 23, 2009

Auto Industry in Motion

GM is instituting mandatory summer "vacation" at 13 plants, and Chrysler seems destined for bankruptcy.

1 comment:

  1. Listening to the WBBM 780AM in Chicago, there was speculation that GM's announcement of extended closures was cover for a bankruptcy filing during that time. The idea being that people wouldn't buy a car from a bankrupt car company, so they figured they'd close the factories, declare bankruptcy, and try to work things through fast enough so that the stripped-down car company would be up and running by the time the factories they decided to keep were ready to start again.


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