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GM Planning Lay Offs And Production Cuts In Detroit

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General Motors plans to scale back production at an assembly plant in Detroit and lay off about 1,500 workers. The Wall Street Journal reported the plans on Thursday, citing sources familiar with it. The U.S. carmaker plans to shut the Detroit-Hamtramck factory for about six weeks from mid-November, and cut production by roughly 20 percent once operations resume. Both GM and rival Ford Motor Co have struggled for most of this year to rein in high inventories of passenger cars as consumers have shifted to buying pickup trucks and sport utility vehicles. http://feeds.reuters.com/~r/reuters/t... http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com


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