GM In Trouble?

GM Dips Out. What Does This Mean?

Source: C.M. Wiggins/WENN.com / WENN

GM announced that they’d be closing 8 plants in America, along with cutting 14,000 employees. What does this mean for the American Auto Industry?

Imagine if Phillip Morris just picked up and left town. It could potentially cripple the central VA economy. This will most likely mean the same thing where these plants are located.

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14,000 taxpayers are no longer paying taxes because they don’t have that income at the moment. The mid-west economy is driven by steel and cars… now what?

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