GM Closing Plants

J.J. Jackson* | June 5, 2008

Filed Under Conservative Musings, Economy / Economics, The Economy

GM announced that is will close several plants dedicated to trucks and SUVs amid slumping sales:

WILMINGTON, Del. (AP) — General Motors is closing four truck and SUV plants in the U.S., Canada and Mexico as surging fuel prices hasten a dramatic shift to smaller vehicles.
CEO Rick Wagoner said Tuesday before the automaker’s annual meeting in Delaware the plants to be closed are in Oshawa, Ontario; Moraine, Ohio; Janesville, Wis.; and Toluca, Mexico. He also said the iconic Hummer brand may be discontinued.

Part of the reason? Rising oil prices. And why are gas prices so high? Think liberals preventing companies from going out and tapping known reserves because they are more worried about having an oil derek in their the path of their yachts. Another part of the reason? So much of the price of GM vehicles is used to pay for bloated union benefits that they are priced too high to be competitive and affordable.

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