General Motors, the US automobile giant, is to close four North American truck plants and shift its manufacturing focus to smaller vehicles due to higher Gasoline prices.

The four plant closings will save $1 billion a year and cut North American capacity by 700,000 for trucks.

Production output will end at plants in Oshawa, Ontario; Moraine, Ohio; Janesville, Wisconsin; and Toluca, Mexico. The plants  will close in 2009 and 2010.

Published on 05 Jun 2008 | Company & Markets

Tags :automobile, gasoline prices, general motors, janesville wisconsin, moraine ohio, oshawa ontario, toluca mexico, trucks

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