It is a well-known fact that General Motors is facing one of its most difficult financial crises since the company’s inception. Some figures show that the company will run out of cash by the end of the year if the federal government does not step in with a bail out.

The facility is being built in Flint, Michigan and will make engines for the much-anticipated Chevy Volt as well as the Chevy Cruze. In order to save what money the company has left, GM has made the decision to suspend construction of the facility but reassures the public that this decision will not delay the release of the Chevy Volt in the last half of 2010.

In an article that appears on the Automotive News website, GM Spokeswoman Sharon Basel was speaking on the suspended construction product.

“She said there is enough leeway in the construction schedule for it to build the engines on time after the temporary hold. She did not say when the work would resume.

She said the Flint factory is being built with a common template used around the world. The plant can be assembled in less than a year, she said.”

Subscribe

Filed Under: gm

If you enjoyed reading this article... Subscribe to Our Feed