TOOLS PRINT EMAIL GM Makes Further Production Cuts By Liz Opsitnik Friday, 21 November 2008 10:57 GM makes yet another round of production cuts Friday, affecting several factories and many employees.  GM said it will shut down plants in Orion Township, Oshawa, Ont. and Lordstown, Ohio, for an additional week in January and reinstate a week-long shutdown in Wentzville, Mo., in December, reports the Detroit News. "The impetus really is the extreme unpredictability in the market right now," GM spokesman Chris Lee said. "In some cases, we are adjusting our plant production schedules more frequently to respond to the market than we ever have in the past." Workers at the Lordstown, Ohio plant, which makes the Chevy Cobalt and the Pontiac G5, were informed this morning that the plant would be closed for an extra week Jan. 5. The Lordstown plant also will be shut down from Dec. 23 until Jan. 20. When the Lordstown plant reopens, about 130 workers will be laid off, and the rate of production will be slowed. "It's almost a bit of a relief," said Dave Green, president of UAW Local 1714 in Lordstown, Ohio. "It could have been worse. Don't be sorry for us, go buy a Cobalt."

• GMAC's Lower Credit Score Requirement Gives Dealers Increased Sales
  It seems now that GMAC has lowered its minimum credit score and made auto financing more available, ...
  
• Hyundai Genesis Beats Luxury Competitors to Take Top Ranking in Consumer Reports
  Hyundai’s new luxury sedan, the Genesis, took top honors with Consumer Reports in its &ldquo ...
  
• Toyota to Close Japanese Plants for 11 Days Due to Drop in Sales
  Toyota will stop production at its Japanese plants for 11 days in February and March, as the automak ...
  
• December and 2008 Sales Figures Are In, and They're Exactly What We Expected
  The year was dismal for most automakers, with sales plunging by double digits for a lot of companies ...
  
• Isuzu Throws In the Towel
  If you were planning to buy a new Isuzu, this is your last chance. The company has announced th ...
  
• GMAC No Longer Exclusive GM Lender
  GMAC has lost its exclusive rights to offer low-interest loans to customers who want to purchase GM ...
  
• Less Recalls in 2008 than 2007
  The National Highway Traffic Safety Administration found that recalls for automobiles and light truc ...
  
• Happy Holidays From Auto Loan Daily!
  The Auto Loan Daily team will be on vacation until Jan. 2, so you’ll have to do without update ...
  
• Opinion: A response to WSJ’s “Escape Your Car”
  The Wall Street Journal’s Return On Investment is a regular opinion piece where Brett Arends o ...
  
• Truck Sales Climb as Gas Prices Fall
  Trucks and SUVs will outsell cars in December, according to experts at Edmunds. Trucks will mak ...
  

GMAC's Lower Credit Score Requirement Gives Dealers Increased Sales
It seems now that GMAC has lowered its minimum credit score and made auto financing more available, buyers are finally coming out of hiding and buying ... Read More

Hyundai Genesis Beats Luxury Competitors to Take Top Ranking in Consumer Reports
Hyundai’s new luxury sedan, the Genesis, took top honors with Consumer Reports in its “upscale sedan” category. The Genesis, which ... Read More

Toyota to Close Japanese Plants for 11 Days Due to Drop in Sales
Toyota will stop production at its Japanese plants for 11 days in February and March, as the automaker’s bleak U.S. sales mean Toyota dealers ha ... Read More