GM to close plants in Canada, Ohio, Maryland and MI

GM to close plants in Canada, Ohio, Maryland and MI

US-based carmaker General Motors announced plans on Monday to scale down production in the United States and Canada, with thousands of factory floor jobs to be axed.

"I don't know how I'm going to feed my family", he said outside of the plant's south gate, where workers instituted a blockade for trucks from the entrance. They could get new vehicles to build or close altogether.

"While the union does not have complete details of the overall announcement we have been informed that, as of now, there is no product allocated to the Oshawa Assembly Plant past December 2019", Unifor said in a statement.

GM is cutting more than 6,300 hourly and salaried workers at its plants and 15 percent of the salaried workers in North America for a total of more than 14,000.

GM jumped as much as 7.9 percent to US$38.75, the highest since July, as of 12:20 NY trading.

GM - whose brands include Chevrolet, Buick, Cadillac and GMC - said the cuts would save $6bn (£4.68bn) by the end of next year. "We think it's appropriate to do it at a time, and get in front of it, while the company is strong and while the economy is strong". "These are things we're doing to strengthen the core business", GM chief executive and chairwoman Mary Barra told reporters Monday.

This restructuring plan will drastically change GM's product lineup. US automakers are shifting production away from sedans and smaller vehicles in favor of cross-over SUVs and trucks, reflecting the preferences of USA buyers.

In October, GM offered buyouts to 18,000 white-collar workers as part of a cost-cutting initiative.

The company says the closures will "significantly increase capacity utilization". The charges will take place in the fourth quarter of 2018 and the first quarter of next year.

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Oshawa Mayor John Henry said he had not spoken to anyone from GM.

Among the possibilities are the Detroit/Hamtramck assembly plant, which makes the Buick LaCrosse, the Chevrolet Impala and Volt, and the Cadillac CT6, all slow-selling cars.

Barra said the Cruze would no longer be sold in the U.S. Production would stop March 1.

In a dramatic move, GM will be "unallocating" Lordstown Assembly in OH, which builds the Chevrolet Cruze; the company's famed Detroit/Hamtramck Assembly, home of the Cadillac CT6, the Buick LaCrosse, the Chevrolet Volt, and the Chevrolet Impala; and Oshawa Car Assembly in Ontario, Canada, which produces the Impala, the Cadillac XTS, and recently picked up a few Chevrolet Silverado lines as well.

Ford said he asked GM in a phone call on Sunday whether there was anything the province could do to keep the plant open, and was told it could not.

A century of automobile manufacturing is set to come to an end following reports General Motors is shutting down its Oshawa assembly plant.

She also noted that tariffs on imported aluminum and steel have hit the company, but she stopped short of saying they had anything to do with the restructuring.

The Oshawa announcement also raises questions about the future of GM operations in Ingersoll, which now produces the third-generation Chevrolet Equinox, and the St. Catharines engine operations, which produces engines and transmissions that are shipped to 10 different GM assembly plants across North America.

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