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GM Closes Four Truck & SUV Plants

HeadlineJun 04, 2008

In business news, General Motors has announced plans to shut down four truck plants, as the company shifts to manufacturing smaller vehicles. Demand for trucks and SUVs has plummeted in recent months due to the soaring price of gas. 10,000 workers currently work in the four plants scheduled to be closed. Meanwhile, General Motors is considering dropping its Hummer unit after sales dropped 30 percent last month. Last week, GM’s stock hit a twenty-six-year low.

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