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GM considering reopening plant: CEO
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Contributor | RP |
Last Edited | RP Aug 05, 2010 07:19pm |
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Category | General |
News Date | Thursday, August 5, 2010 09:45:00 PM UTC0:0 |
Description | General Motors Co is considering reopening one of the auto plants it closed as it went through bankruptcy in 2009, CEO Ed Whitacre said on Thursday.
Whitacre also said GM had completed the arbitration process with dealers who were told they would lose their franchises, but wanted to stay in the GM fold. About 500 dealerships once marked for closure will retain their franchises.
Whitacre said GM has added about 7,000 jobs in the past year and how many more jobs it adds depends directly on how many cars and trucks it sells.
Whitacre, addressing a Center for Automotive Research conference in northern Michigan, did not say which plant would be reactivated, or when. Two of GM's plants are on "standby," in Spring Hill, Tennessee, and Janesville, Wisconsin. |
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