GM to cut 250,000 vehicles from 1Q production - WMC Action News 5 - Memphis, Tennessee

GM to cut 250,000 vehicles from 1Q production

DETROIT (AP) - General Motors Corp. says it will cut 250,000 vehicles from its first-quarter production schedule by temporarily closing 20 factories across North America.

The move affects most plants in the U.S., Canada and Mexico. Many will be shut down for the whole month of January.

Spokesman Tony Sapienza said normal production would be around 750,000 cars and trucks for the quarter.

GM and nearly all automakers who sell in the U.S. are mired in the worst sales slump in 26 years.

Cash-strapped GM is seeking government loans to stay in operation beyond the end of the year. The White House says it may tap the $700 billion Wall Street bailout fund to help GM and Chrysler stay in business after the Senate blocked a measure to provide $14 billion in immediate loans.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Trending StoriesTrending StoriesMore>>

  • Parents make heartbreaking decision over son with autism

    Parents make heartbreaking decision over son with autism

    Wednesday, May 24 2017 11:10 AM EDT2017-05-24 15:10:16 GMT
    KMOV has chosen not to identify him by name or show pictures of what he currently looks like. (Credit: Wallens)KMOV has chosen not to identify him by name or show pictures of what he currently looks like. (Credit: Wallens)

    A parent's love knows no bounds. But what happens when you truly believe your child is going to harm himself or someone else? One family tells News 4 they made a heartbreaking decision about their son with autism, all because they felt they had no other options. 

    More >>

    A parent's love knows no bounds. But what happens when you truly believe your child is going to harm himself or someone else? One family tells News 4 they made a heartbreaking decision about their son with autism, all because they felt they had no other options. 

    More >>
  • Breaking

    Kirbyville High School principal resigns, then shoots, kills self in parking lot

    Kirbyville High School principal resigns, then shoots, kills self in parking lot

    Wednesday, May 24 2017 11:31 AM EDT2017-05-24 15:31:33 GMT

    Following his resignation Tuesday afternoon, the principal of Kirbyville High School walked out his truck, where he apparently shot and killed himself, according to police.

    More >>

    Following his resignation Tuesday afternoon, the principal of Kirbyville High School walked out his truck, where he apparently shot and killed himself, according to police.

    More >>
  • Playboy model pleads no contest for post of nude woman

    Playboy model pleads no contest for post of nude woman

    Wednesday, May 24 2017 3:36 PM EDT2017-05-24 19:36:07 GMT
    Wednesday, May 24 2017 3:36 PM EDT2017-05-24 19:36:07 GMT

    A Playboy centerfold who snapped a photo of a naked 71-year-old woman in a gym locker room and posted it on social media with insults about the woman's body is expected to appear in court to resolve a criminal...

    More >>

    A Playboy centerfold who snapped a photo of a naked 71-year-old woman in a gym locker room and posted it on social media with insults about the woman's body is expected to appear in court to resolve a criminal charge in Los Angeles.

    More >>
Powered by Frankly