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BREAKING 8am 6-3-08 GM Closing 4 Truck Plants; Shreveport Facility Avoids Lay-Offs; Hummer?
Tuesday, Jun 03, 2008 3:43pm
SHREVEPORT, LA  (By: Tom Pace, Talk of the Town) BREAKING: ECONOMY  7am  6-3-08  Because of continued higher gasoline prices, coupled with lower consumer demand for trucks, General Motors is cutting its truck production by 50%, said Rick Wagoner, GM Chairman and CEO, who also unveiled plans for the automaker to produce more fuel efficient vehicles. 

According to CNN, GM has approved production of the Chevrolet Volt, a so-called plug-in hybrid vehicle that can run about 40 miles without any use of gasoline. That is due in showrooms by the end of 2010.

In an early morning news conference, Wagoner also announced GM is reviewing its Hummer line - from possibly redesigning the Hummer, to selling off the brand.  What the ultimate future impact is on Shreveport's GM manufacturing plant is uncertain that this moment.

Wagoner said while GM sold over 100,000 large pickups and SUV's per month in Oct/Nov/Dec of 2007, those sales have dramatically dropped to 65,000 units per month in April and May of 2008.  

The Shreveport, Louisiana facility is GM's only plant that manufactures the Hummer line of vehicles. Wagoner described the Hummer brand as "iconic", and said that GM has made no firm decision regarding its production at this time.   

Approximately 10,000 employees will be affected by the production closure of the four GM truck facilities: 2 in the United States, and one each in Canada and Mexico.  Shreveport, Louisiana was not one of the plants to be closed.

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