General Motors announces the closure of four truck plants:
Oshawa Truck Assembly in Canada, which builds the Chevy Silverado and GMC Sierra, will likely cease production in 2009, while Moraine, Ohio, which builds the Chevy TrailBlazer, GMC Envoy and Saab 9-7x, will end production at the end of the 2010 model run, or sooner, if demand dictates. Janesville, Wisconsin, will cease production of medium-duty trucks by the end of 2009, and of the Tahoe, Suburban and Yukon in 2010, or sooner, if market demand dictates. Chevrolet Kodiak medium-duty truck production will also end in Toluca, Mexico, by the end of this year.
In other news, the American Public Transportation Association reported on Monday that Americans took 85 million more trips on public transportation in the first quarter of 2008 than in 2007.
And the cash price for West Texas intermediate light sweet crude on Monday was $127.66, almost double the price recorded one year ago today.
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