CNN.com has live video of Rick Wagoner speaking to shareholders about the closing of multiple plants. This is just ‘coming across the wire’, but it seems as though Oshawa, Ontario, one plant in Ohio, another in Mexico, and perhaps another in Wisconsin are under the gun and likely won’t last more than another year or two.
Keep in mind, it appears as though these manufacturing sites are all builders of SUVs or trucks. Wagoner is, after all, citing gas prices as the basic reasoning. This link takes you to a Reuters preview. Here is where you’ll find the CNN action. If that doesn’t work, check the main current headline at CNN.com.
