GM Confirms Production Cuts at European Plants
(Reuters) General Motors Corp. (GM), Detroit, Mich., confirmed plans to cut production at two of its largest assembly plants in Europe as part of a broader restructuring of its operations on the continent. GM will cut production at its Antwerp, Belgium, and Bochum, Germany, vehicle assembly plants as part of its previously announced plans to cut capacity across Europe by 350,000 vehicles a year. Combined with measures announced last year, including ending production at Britains's Luton plant, GM aims to cut capacity in Europe by about 750,000 units from 2.4 million to 2.5 million.
Report Abusive Comment