Big Three Automakers Report Car Sales Decline
Detroit reports Ford GM and Chrysler combined new car sales through Feb 20 declined 16.8 percent from the prior period with 185,871 units sold. GM sold 446,088, Ford 257,061, and Chrysler 150,387, while American Motors posted early gains. Ford’s annual profits fell 12.8 percent to 47 million.
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GM to Shut South Gate and Other Plants Nationwide
GM plans mass layoffs of 2,200 workers with indefinite shutdowns starting March 19 at assembly plants in Baltimore Missouri Kansas City Missouri and Fremont California. Closures span Arlington Texas Kansas City Kaw Fremont Linden New Jersey and South Gate California with additional shut downs in North Tarrytown New York Doraville Georgia Janesville Wisconsin and St Louis Missouri Corvette assembly to be trimmed at the Chevrolet Fisher Body plant.
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