General Motors Could Shut Plants Nine Weeks

General Motors is in a lot of financial trouble. There are bankruptcy rumors circling throughout the company and GM is currently surviving on United States federal government bailout money. The latest sign of trouble is a report by the AP that GM may shut some of their auto plants up to nine weeks in an attempt to save money.

Typically, auto plants are shut down during the summer for two weeks to change the equipment within the plants and to do maintenance. That two-week downtime may now be extended to nine weeks, if the AP sources are correct.

The White House has ordered that General Motors figures out how to move towards profitability. They’ve taken a number of mini-steps recently and this appears to be another one. Although it’s a short-term solution, many industry experts report that this could save GM millions upon millions of dollars.

General Motors Car (Image: Flickr)