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GM plans close plants in Europe
Friday, 23 March 2012
The vehicle manufacturer General Motors (GM) is planning to close one
or two car plants in Europe as part of a savings program to save the
loss unit Opel / Vauxhall.
According to Wall Street Journal, citing sources familiar with the
plans, the company plans could be finalized and published in the coming
weeks.
GM's European operations have lost billions in the last decade and to
shut down auto plants is seen as crucial to restoring profitability in
the region.
Unions have fought against and argued that GM can increase profitability by increasing sales.
By Scancomark.se Team
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