As part of GM's bankruptcy, fourteen plants across the country will be closed or placed on "standby." We've put together this map of locations and dates when the axe falls for each.
As part of GM's bankruptcy, fourteen plants across the country will be closed or placed on "standby." We've put together this map of locations and dates when the axe falls for each.
DISCUSSION
A couple of years ago the US auto market was running at about 18 million vehicles a year. This year that's down to around 9 million. I've heard talk that the scrappage rate is 16 million a year, but that seems wildly optimistic. I'm betting on a non-recession yearly rate of 12 million. Does anyone know what these closures are doing to GMs overall capacity? With an anticipated market share of around 20% (and I'm pulling that number out of my ass) that would be about 2.4 million vehicles annually. Do they leave enough capacity to provide that?