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There are a lot of things to cover on this issue and I will say one of those plants is just 30mi away from me.
There is plenty of blame to go around on this.
But I will take a very realistic view that GM is doing what is right for GM in the long term.
It is their job. I don't see any undo greed in their actions. I have a trust for the CEO that they are thinking long term like they have not done that for quite a while. It is a change in their DNA and probably about time and needed. I applaud the thinking while not liking the actions.
They were not a promoter of the tax breaks they got along with all so many others. But, I am sure they made benefit of them.
The plants they are closing are small car plants. Small cars are not selling for them and their profit margins are slimmer on them. A projection they had made incorrectly and it has cost them.
Now, you can put some political blame on why that is if you can sort through that mess if you really want to. It's not hard to make a case of the broader picture.
I am fairly confident that one or two of these plants will be back in a few years when the direction of personal transportation has been better defined and projected in a way that can allow investment again. Although, I suspect the investment continues in tech side of development and we will need to wait to see the how and what that equates to.
We may be looking at fuel cells and electrics. Or even CNG powered vehicles. Or a sprinkle of many of the above.
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