GM CANADA CLOSING SHOP!?

[69z2x4]

Vary sad news indeed. We are going through this here in Dayton Ohio, as GM has all but pulled out and shut everything down. Killed the local economy. The home foreclosures here is as high as anywhere in the US.Every family in this area had someone that worked at GM at one time.

[Keith Tedford]

Peterborough is about 50 miles from Oshawa and GM has been Peterborough's biggest employer for several years now. This just gives you a little idea as to how far out the effects of a plant closing are felt. The ripple effect goes even farther out. With us having one tenth the population of the US, one plant closing here has the same effect on our economy as shutting down ten plants in the US. Many people can't get financing and I heard that GM may take some of the money they are getting to help people buy their cars. You can't freeze up an economy this quickly without major problems. GM sales down 46% in January is unheard of before to my knowledge. In 1981-82 the GM Oshawa car and truck plants were both down to one shift. I don't know how this compares because the truck plant is only running part time this winter anyway and the Camaro line is just getting up to speed. Scary times.