GM Closing Oshawa, Other Plants

[laynlo15]

It would be nice if GM actually advertised the Camaro as Ford does for the Mustang. They've spent very little promoting the Camaro up to now.

[SpeedIsLife]

Originally Posted by Glen e

"GM is expected to announce it will cut the Chevrolet Volt, Impala and Cruze, the Cadillac CT6 and XTS, and the Buick LaCrosse, according to a source familiar with GM's plans."

Leaving what..the Malibu for the sedan market?

GM needs to be offering what Ford isn't...not doing what Ford is doing with a different name.

[DC5]

Originally Posted by Bongos2U

Just another example of "The Incredible Shrinking GM" ? Will Lordstown be next?

Good! GM needs to cut the fat of underutilized manufacturing facilities and focus on remaining profitable while producing better and better vehicles. Why do people, ostensibly like yourself, care if GM is one of the largest automobile manufactures (this is a sincere question)? I'm sure most of us remember when GM pursued volume over profits, and the outcome was poor for both GM and its investors as well as consumers.

[Bongos2U]

Originally Posted by DC5

Good! GM needs to cut the fat of underutilized manufacturing facilities and focus on remaining profitable while producing better and better vehicles. Why do people, ostensibly like yourself, care if GM is one of the largest automobile manufactures (this is a sincere question)? I'm sure most of us remember when GM pursued volume over profits, and the outcome was poor for both GM and its investors as well as consumers.

I do not care if GM is one of the largest automobile manufacturers. I remember Rick Wagoner bragging that they were number one in sales (not profit) while GM was losing money hand over fist.

I do mourn what the auto industry is morphing into. The American dream consisted of owning a nice car and exploring the open road. Those days are going the way of the dinosaur. I also feel sorry for the thousands of people who will lose their jobs. GM will probably heavily invest in their assembly plants in Mexico now.

[Royal Tiger]

When you can make cars in Mexico and Brazil for a fraction of the labor costs in the US and Canada, its only a matter of time.

[Nsxmatt]

GM plans to halt production next year at three assembly plants - Lordstown, Ohio, Hamtramck, Michigan, and Oshawa, Ontario. The company also plans to stop building several models now assembled at those plants, including the Chevrolet Cruze, the Cadillac CT6 and the Buick Lacrosse.

America is losing out more, and their major reasoning is they lost 1 billion in profit because of tariffs imposed on steel by trump.

[Frisbey]

Originally Posted by Smokin15

Hope they keep the Camaro, Ford is keeping the Mustang. They are going to keep pushing electric but, with no infrastructure in place. Where is all this electricity going to come from? The grid is in poor shape, I worked in nuclear power for 30 years with a utility. Believe me, we have a developing problem.

This^^^^^ “here comes the rant”

Where is the electricity going to come from?
Nuclear?
Coal?
Hydroelectric “what we have in the northwest”

Energy saving “green” electric cars, the reality is, they’re nuclear or coal powered cars for most of the world.

A friend recently purchased a Tesla, cool car, but we were doing a cost analysis of his Tesla vs a standard sedan and we couldn’t make the numbers work, not to mention the time loss for charging on any kind of a trip with distance.

Sure, the cost of a kilowatt hour of electricity converted to a mile driven vs the cost of gas for the average sedan per mile driven, works out to about half the cost of gas, but it all goes out the window when you factor in battery replacement during the life of the electric car.
The reality is, electric is a fun fad in cars, but unless the technology improves, it still doesn’t pay in the long run.............

Unless you have solar panels on your house to change the car, which my friend does.

That being said,
I drive a ZL1, a little hard on the Dino juice, so I have no grounds to say much

[Raven87]

From NBC News (my bold font):

GM said the impacted plants include: Oshawa Assembly in Oshawa, Ontario, Canada; the Detroit-Hamtramck Assembly in Detroit; Lordstown Assembly in Warren, Ohio; Baltimore Operations in White Marsh, Maryland; and Warren Transmission Operations in Warren, Michigan.

“I am deeply frustrated with General Motors’ decision to shut down its Lordstown plant and disappointed with how the hardworking employees there have been treated throughout this process," U.S. Sen. Rob Portman, R-Ohio, said in a statement.

[Glen e]

the motivation by mfrs to go electric has little to do with beeing better for the nvironment.

once tooling and mfr processes meet economies of scale, they will be faster, have more interior room and easier to put together. and most important to them, make more money.

they may claim green , but its all about whats best for them....

[HDRDTD]

Oshawa isn't the only plant shutting down.

Here's an article I saw today.

Nov. 26, 2018 / 10:57 AM EST / Updated 11:25 AM EST
By David K. Li
General Motors announced Monday it plans to slash 14,700 jobs — about 15 percent of its North American workforce — and possibly close up to five domestic plants.
The reduction in force includes 8,100 white-collar employees who'll be targeted via buyouts and layoffs and about 6,000 factory workers will also lose jobs, although some may transfer to truck plants.


The factories to be closed currently produce cars that are not sold in the United States.
GM also announced it'll be closing a Canadian plant, costing about 2,500 jobs.
“These actions will increase the long-term profit and cash generation potential of the company and improve resilience through the cycle,” GM CEO Mary Barra.
GM said the impacted plants include: Oshawa Assembly in Oshawa, Ontario, Canada; the Detroit-Hamtramck Assembly in Detroit; Lordstown Assembly in Warren, Ohio; Baltimore Operations in White Marsh, Maryland; and Warren Transmission Operations in Warren, Michigan.

“I am deeply frustrated with General Motors’ decision to shut down its Lordstown plant and disappointed with how the hardworking employees there have been treated throughout this process," U.S. Sen. Rob Portman, R-Ohio, said in a statement.
This is a developing story. Check back for updates.

https://www.nbcnews.com/news/us-news...kforce-n940091

[90503]

https://media.gm.com/media/us/en/gm/...v/1126-gm.html

DETROIT – General Motors (NYSE: GM) will accelerate its transformation for the future, building on the comprehensive strategy it laid out in 2015 to strengthen its core business, capitalize on the future of personal mobility and drive significant cost efficiencies.
Today, GM is continuing to take proactive steps to improve overall business performance including the reorganization of its global product development staffs, the realignment of its manufacturing capacity and a reduction of salaried workforce. These actions are expected to increase annual adjusted automotive free cash flow by $6 billion by year-end 2020 on a run-rate basis.
“The actions we are taking today continue our transformation to be highly agile, resilient and profitable, while giving us the flexibility to invest in the future,” said GM Chairman and CEO Mary Barra. “We recognize the need to stay in front of changing market conditions and customer preferences to position our company for long-term success.”
Contributing to the cash savings of approximately $6 billion are cost reductions of $4.5 billion and a lower capital expenditure annual run rate of almost $1.5 billion. The actions include:
Transforming product development – GM is evolving its global product development workforce and processes to drive world-class levels of engineering in advanced technologies, and to improve quality and speed to market. Resources allocated to electric and autonomous vehicle programs will double in the next two years. Additional actions include:
Increasing high-quality component sharing across the portfolio, especially those not visible and perceptible to customers.
Expanding the use of virtual tools to lower development time and costs.
Integrating its vehicle and propulsion engineering teams.
Compressing its global product development campuses.

Optimizing product portfolio – GM has recently invested in newer, highly efficient vehicle architectures, especially in trucks, crossovers and SUVs. GM now intends to prioritize future vehicle investments in its next-generation battery-electric architectures. As the current vehicle portfolio is optimized, it is expected that more than 75 percent of GM’s global sales volume will come from five vehicle architectures by early next decade.

Increasing capacity utilization – In the past four years, GM has refocused capital and resources to support the growth of its crossovers, SUVs and trucks, adding shifts and investing $6.6 billion in U.S. plants that have created or maintained 17,600 jobs. With changing customer preferences in the U.S. and in response to market-related volume declines in cars, future products will be allocated to fewer plants next year.

Assembly plants that will be unallocated in 2019 include:
Oshawa Assembly in Oshawa, Ontario, Canada.
Detroit-Hamtramck Assembly in Detroit.
Lordstown Assembly in Warren, Ohio.

Propulsion plants that will be unallocated in 2019 include:
Baltimore Operations in White Marsh, Maryland.
Warren Transmission Operations in Warren, Michigan.


In addition to the previously announced closure of the assembly plant in Gunsan, Korea, GM will cease the operations of two additional plants outside North America by the end of 2019.
These manufacturing actions are expected to significantly increase capacity utilization. To further enhance business performance, GM will continue working to improve other manufacturing costs, productivity and the competitiveness of wages and benefits.
Staffing transformation – The company is transforming its global workforce to ensure it has the right skill sets for today and the future, while driving efficiencies through the utilization of best-in-class tools. Actions are being taken to reduce salaried and salaried contract staff by 15 percent, which includes 25 percent fewer executives to streamline decision making.
Barra added, “These actions will increase the long-term profit and cash generation potential of the company and improve resilience through the cycle.”
GM expects to fund the restructuring costs through a new credit facility that will further improve the company’s strong liquidity position and enhance its financial flexibility.
GM expects to record pre-tax charges of $3.0 billion to $3.8 billion related to these actions, including up to $1.8 billion of non-cash accelerated asset write-downs and pension charges, and up to $2.0 billion of employee-related and other cash-based expenses. The majority of these charges will be considered special for EBIT-adjusted, EPS diluted-adjusted and adjusted automotive free cash flow purposes. The majority of these charges will be incurred in the fourth quarter of 2018 and first quarter of 2019, with some additional costs incurred through the remainder of 2019.

[ItsChristianInHD]

It is sad to see people lose their jobs....I know out here they are moving a lot of the employees to the plants in Tennessee, Kentucky Etc.

[HDRDTD]

Nov. 26, 2018 / 10:57 AM EST / Updated 11:25 AM EST
By David K. Li
General Motors announced Monday it plans to slash 14,700 jobs — about 15 percent of its North American workforce — and possibly close up to five domestic plants.
The reduction in force includes 8,100 white-collar employees who'll be targeted via buyouts and layoffs and about 6,000 factory workers will also lose jobs, although some may transfer to truck plants.


The factories to be closed currently produce cars that are not sold in the United States.
GM also announced it'll be closing a Canadian plant, costing about 2,500 jobs.
“These actions will increase the long-term profit and cash generation potential of the company and improve resilience through the cycle,” GM CEO Mary Barra.
GM said the impacted plants include: Oshawa Assembly in Oshawa, Ontario, Canada; the Detroit-Hamtramck Assembly in Detroit; Lordstown Assembly in Warren, Ohio; Baltimore Operations in White Marsh, Maryland; and Warren Transmission Operations in Warren, Michigan.

“I am deeply frustrated with General Motors’ decision to shut down its Lordstown plant and disappointed with how the hardworking employees there have been treated throughout this process," U.S. Sen. Rob Portman, R-Ohio, said in a statement.
This is a developing story. Check back for updates.


https://www.nbcnews.com/news/us-news...kforce-n940091

[90503]

Originally Posted by HDRDTD

Oshawa isn't the only plant shutting down.

Here's an article I saw today.

Nov. 26, 2018 / 10:57 AM EST / Updated 11:25 AM EST
By David K. Li
General Motors announced Monday it plans to slash 14,700 jobs — about 15 percent of its North American workforce — and possibly close up to five domestic plants.
The reduction in force includes 8,100 white-collar employees who'll be targeted via buyouts and layoffs and about 6,000 factory workers will also lose jobs, although some may transfer to truck plants.


The factories to be closed currently produce cars that are not sold in the United States.


https://www.nbcnews.com/news/us-news...kforce-n940091

This can't be right.???....No U.S. sales of what is made there?...Hmmm I dunno about that one...