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 p.m.in 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.

Chuck Schumer’s latest attack on Trump called out for extreme hypocrisy
Trump hit back questioning the independence of federal judges appointed by his predecessor and confirmed by the US Senate. Again, Trump is not the first president to be frustrated with the Supreme Court.

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.

Related Articles

  • Guy Fieri Helped Cook Thanksgiving Meals for 15,000 Camp Fire Evacuees

    Guy Fieri Helped Cook Thanksgiving Meals for 15,000 Camp Fire Evacuees

    The two-week firefight got a boost Wednesday from the first significant winter-like storm to hit California. Butte County Sheriff Kory Honea has warned that the remains of some victims may never be found.
    NASA's InSight Mars Landing: a Nail-Biting '6.5 Minutes of Terror'

    NASA's InSight Mars Landing: a Nail-Biting '6.5 Minutes of Terror'

    Scientists will use the data to determine the size of the Mar's iron-rich core as well what other elements may be present. On the surface, Mars is covered in red dust that is rich in iron oxide; this coating earned it the nickname "Red Planet".
    Walmart released an incredible Cyber Monday 2018 PS4 Console Deal

    Walmart released an incredible Cyber Monday 2018 PS4 Console Deal

    Cyber Monday marks the official end of Microsoft's holiday promotions on the Xbox One X and Xbox One S consoles/bundles. Our editors search through thousands of deals to unearth the best prices from the most trustworthy retailers.
  • All Blacks to wear rainbow laces in support of Thomas

    All Blacks to wear rainbow laces in support of Thomas

    Wales will also give their players the opportunity to promote Stonewall with rainbow laces during their meeting with South Africa. Ireland have already decided against wearing the rainbow laces ahead of this weekend's clash with the United States in Dublin.
    Pakistan Arrests Cleric Whose Supporters Held Violent Rallies Over Blasphemy Law

    Pakistan Arrests Cleric Whose Supporters Held Violent Rallies Over Blasphemy Law

    The government on Friday announced the arrest of TLP leader Khadim Hussain Rizvi to "safeguard public life, property and honour". The party has since become notorious for its ability to mobilise street protests and force the government to back down.
    Oklahoma outlasts West Virginia to advance to Big 12 championship

    Oklahoma outlasts West Virginia to advance to Big 12 championship

    The Sooners' two defensive touchdowns came while sacking West Virginia quarterback and Heisman candidate Will Grier . Oklahoma made it a two-score game on the next drive when Curtis Botlon returned a fumble 48 yards for a touchdown.
  • Bitcoin Falls Further Below $4000; Crypto Continues Plunge

    Bitcoin Falls Further Below $4000; Crypto Continues Plunge

    BCH prices pumped over 20 percent in the days leading up to the fork , creating a mild resurgence in the broader crypto markets . The current capitalization of all digital assets in circulation is about $129B, up from $115.5B registered on Sunday.
    Oprah Winfrey's Mother, Vernita Lee, Dies on Thanksgiving Day at 83

    Oprah Winfrey's Mother, Vernita Lee, Dies on Thanksgiving Day at 83

    Oprah's smoked turkey: Oprah Winfrey takes to Instagram to show off her smoked turkey Thanksgiving spread with Chef Kenny Gilbert. She moved to Milwaukee and worked as a housekeeper, with Winfrey's maternal grandmother raising her until she was six years old.
    Locals walk-off turkey weight in search of Christmas trees

    Locals walk-off turkey weight in search of Christmas trees

    The tight market is rooted in an oversupply followed by the Great Recession that caused many growers to leave the business . High Country Christmas Trees said that it's been bringing Christmas to Huntsville, North Carolina, for the last 35 years.
  • Meghan's mum Doria 'moving in with her and Harry'

    Meghan's mum Doria 'moving in with her and Harry'

    The Duke and Duchess will continue to work from Kensington Palace, where their current offices are. The baby is expected in the Spring, many suggesting March may be the birth month.
    Government climate report warns of worsening United States  disasters

    Government climate report warns of worsening United States disasters

    The report notes the last few years have smashed USA records for damaging weather, costing almost $400 billion since 2015. The publication is created to inform policy makers but does not make any specific recommendations on actions to take.
    Shoppers hit the stores for Black Friday

    Shoppers hit the stores for Black Friday

    An Athleta clothing store in Tysons, Virginia, provided hot chocolate with marshmallows to women in line for the dressing room. The long shopping weekend kicks off Thanksgiving Day, when many stores once again are opening their doors for holiday shoppers.