GM is closing rest of North American operations

Article Abstract:

General Motors Corp. is taking action to close the rest of its North American operations in the wake of two local strikes in Michigan. As negotiations with the United Auto Workers to end the strikes by 9,200 workers in Flint, Michigan remain unproductive, a memo titled "Aggressive Manufacturing Shut Down" and signed by five senior manufacturing executives was given to managers in North America. The directive is to conserve cash by halting all operations except those related to the launch of the company's new full-size pickup truck.

Comment:

General Motors Corp. to close the rest of its North Amarican operations in the wake of two local strikes in Michigan

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GM to make Delphi Unit independent

Article Abstract:

General Motors has decided to make its Delphi Automotive Unit a separate company with a proposed revenue of $31.4 billion. The Delphi Automotive Unit is the world's largest, far outranking Ford's automotive unit, which is number 2 in the world. 200,000 employees will be leaving GM when the split happens which is about 1/3 of GM's total workforce. The public offering will begin with 15% to 20% early next year valued at about $2 bil.

Comment:

GM will make Delphi automotive unit independent

Organizational history, Delphi Unit

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GM shutdown looms in North America

Article Abstract:

General Motors Corp. (GM) is expected to shutdown its North American operations as a result of strike at two key plants. GM will have to shutdown operations if the strikes at two parts plants in Flint, Michigan continue. By the end of the week of June 14-21, 1998, almost all of GM's US, Canadian, and Mexican factories will probably be closed. This will mean the idling of up to quarter of a million workers.

Comment:

GM is expected to shutdown its North American operations as a result of strike at two key plants

North America, Michigan

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