GM Announces Michigan Plant Closures
It won't happen until the end of 2019, but GM will be closing five North American factories, including two in Michigan. According to USAToday, the plants in Michigan are the Detroit-Hamtramck Assembly plant and the Warren Transmission Operations plant. The other plants are located in Ohio, Baltimore and Ontario, Canada. At this point, we don't know if the closures will be permanent or not.
GM is reducing it's workforce by 15% and downsizing it's executives by 25% as they get ready, according to CEO Mary Barra, to "lead in autonomous and lead in electric vehicles." Which means the business of building cars in America is about to change, forever.
And if you don't think self-driving cars are the future - better read that sentence again.
(And no - I don't know how that's really going to work with a crazy, snowy morning like the one we had today.)
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