GM White Marsh plant faces an uncertain end to summer

Published July 16, 2008 4:00am ET



GM?s executives announced deep cuts to the company Tuesday, calling them a “plan to win.” But a lack of details about that plan and previously announced cuts have GM?s local plant at a loss.

General Motors said it would lay off salaried workers, cut truck production, suspend its dividend for the first time since 1922, and borrow as much as $3 billion. The cuts will include thousands of jobs in an effort to generate $10 billion in “cash improvements” by the end of 2009.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.