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...real estate and any liability claims that go with the property will be assigned to the old GM. In addition, there is a long list of plants that GM has already shuttered in earlier waves of plant closings and downsizings that will go to the old GM's graveyard...

Author: /time Magazine | Title: Disposing of the Remains of the Old GM | 6/2/2009 | See Source »

...planned to close even more plants, but the United Auto Workers prevailed on the Treasury Department to idle three other plants but move them over to the new GM. The company had based its latest round of plant closings on the assumption that U.S. car sales will only reach 10 million now and stay at that level in the future. However, union leaders argued that GM should keep the plants as a hedge against a robust recovery in new vehicle sales, possibly next year or the year after. "We know they're not going to [be at] 10 million units...

Author: /time Magazine | Title: Disposing of the Remains of the Old GM | 6/2/2009 | See Source »

...damaged or destroyed on a scale that even the Israel Defense Forces admitted was indefensible. In Gaza today, there is no private sector to speak of and no industry. 80 percent of Gaza’s agricultural crops were destroyed and Israel continues to snipe at farmers attempting to plant and tend fields near the well-fenced and patrolled border. Most productive activity has been extinguished...

Author: By Sara Roy | Title: The Peril of Forgetting Gaza | 6/2/2009 | See Source »

...announcement by General Motors that it will close its Willow Run transmission plant as part of its restructuring is being taken as a sign of how far the auto giant has fallen. Willow Run is, deservedly, a legend. But the lessons from its history are not entirely the ones usually drawn...

Author: /time Magazine | Title: Willow Run: An Obituary for GM's Most Famous Plant | 6/2/2009 | See Source »

...built not by GM but by Ford, opening in April 1942. From the start, its job was to turn out B-24 bombers, the workhorse of the U.S. Army Air Force's strategic campaigns in World War II, unaffectionately known to its crews as "the flying shithouse." The plant took a while to get going. There was a shortage of local labor, which meant that workers had to be imported from Appalachia (Ypsilanti, a local town, became known as "Ypsitucky"). Mosquitoes plagued the site until Henry Ford imported a bug-eating fish that Mussolini had found useful in draining...

Author: /time Magazine | Title: Willow Run: An Obituary for GM's Most Famous Plant | 6/2/2009 | See Source »

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