GM to Cut Output at Four Factories; 2,000 Affected

According to Bloomberg: “General Motors Corp., running out of cash and combating a 22 percent plunge in U.S. sales this year, said it’s cutting production at four North American car plants in 2009, affecting 2,000 jobs.

The automaker will eliminate the third shift at its factories in Lordstown, Ohio; Oshawa, Ontario; and Orion Township, Michigan, in February, said Chris Lee, a GM spokesman. GM will also suspend production for a week at the Chevrolet Malibu plant in Fairfax, Kansas.”