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More Plant Closings For GM

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GM’s new CEO estimated today that more plant closings would be in store for the car company. The closings will be announced in the next few months.

CNBC’s auto reporter Phil Lebeau broke the news, along with the proposed sale price for the Hummer line: $150 million, very low for a line of autos.

Published under GM Bailoutsend this post
April 17th, 2009