General Motors Mexico will temporarily shut assembly lines at three of its Mexican plants as part of an overall strategy to cut production due to falling demand, the company announced Dec. 15. The plants in San Luis Potosi and Ramos Arizpe (Coahuila state) factories in Mexico, which make Chevrolets, Saturns and Pontiacs, will both go offline from Dec. 22 to Jan. 5. The Silao factory (Guanajuato), which makes Chevrolets, GMC trucks and Cadillacs, will shut down from Dec. 22 to Jan. 8. The three plants have more than 10,000 employees—the bulk of the 13,000 GM jobs in Mexico. GM, now asking the US Congress for immediate cash injections to avoid collapse, announced two days earlier it would slash first-quarter production in North America by 60%. (Reuters [2], Dec. 15)
See our last posts on Mexico [3] and the econocataclysm [4].
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