According to an article posted on Bloomberg, GM may close German plant two years early.
General Motors Co. (GM), seeing Germany at risk of slipping into recession, may shutter a factory in that country two years earlier than planned as the European auto market sinks for a sixth straight year.
The automaker’s Opel unit may stop building the Zafira van at the plant at Bochum as soon as the end of 2014 when a labor agreement securing production at the plant runs out, Stephen Girsky, GM’s interim European chief, wrote in a letter to employees today. Opel had said previously that the company would probably stop making the Zafira in Bochum in 2016.
