General Motors to Temporarily Shut Down its Detroit Factory

According to the Wall Street Journal, General Motors is planning on shutting down its factory in Detroit temporarily due to slow demand.

The Journal reported that the company will be shutting down its Detroit-Hamtramck plant starting mid next month for six weeks.

When the factory re-opens, production will be cut by 20% the Journal said. This will result in 1,500 workers being laid off who work on four models that are low in demand. The models are: The Buick LaCrosse, the Cadillac CT-6, the Chevrolet Volt and the Chevrolet Impala.

Disclaimer: We have no position in General Motors Company (NYSE: GM) and have not been compensated for this article.