More GM Plant Closings?
New GM CEO Fritz Henderson has claimed in recent press briefings that the wave of GM plant closings has subsided, but it seems GM may have overestimated its market share for the coming year by up to four percent. If that’s correct, then the newly reconstituted carmaker will sell roughly 500,000 fewer cars than expected — and that could bring additional plant closures in the manufacturing network. Bill Visnic has the full story here.
