GM to Shut Most Factories for 9 Weeks

By John Johnson,  Newser Staff
Posted Apr 22, 2009 4:51 PM CDT
GM to Shut Most Factories for 9 Weeks
Chevrolet Malibu and Pontiac G6's are shown at the General Motors Orion Assembly plant in Orion Township, Mich.   (AP Photo)

General Motors plans to shut most of its US factories for 9 weeks this summer, the AP reports. The shutdown will include the normal 2-week stoppage in July to gear up for new models, two sources said, blaming the move on slumping sales and rising inventories. GM, which has received $13.4 billion in government loans, faces a June 1 deadline to restructure its debt or face bankruptcy. (More General Motors stories.)

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