GM Cuts By the Numbers - Tire Review Magazine

GM Cuts By the Numbers

Now that GM is being reworked, here are some of the under-stated highlights:

• The Pontiac brand is going away. So, too, are Hummer and Saturn – unless a buyer (not likely) can be found. The latter two will cease production by the end of this year.
• 42% of GM’s dealer base will be eliminated by the end of 2010. That works out to around 2,700 dealerships.
• Some 7,000 jobs will be eliminated by the end of this year, not including those from the dealer ranks.
• 16 GM plants will be closed permanently. Total job loss (including the 7,000 above) will be 21,000.
• Unknown number of suppliers will face closure or cutbacks.
• U.S. government will end up owning about 50% of the resulting GM. The UAW will get a 39% share.

If you have comments to share, send to me at [email protected].

– Jim Smith

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