By David Shepardson and Nick Carey WASHINGTON/DETROIT (Reuters) - General Motors Co on Monday pulled the plug on the Chevrolet Volt hybrid and the Detroit-Hamtramck Assembly plant that builds it, both examples of a costly gamble that is not paying off. GM's widely touted factory of the future, forced on a town desperate for jobs and hailed decades later by former President Barack Obama, is set to wind down over the next few years, leaving beleaguered Hamtramck wondering what happened. Detroit Mayor Mike Duggan said at a news conference Monday that he told GM chief executive Mary Barra Monday that "we moved thousands of people out of that neighbourhood ..
from Latest News Business on Firstpost https://ift.tt/2TM65B8
Tuesday, 27 November 2018
Thousands moved out for a new GM factory; now it's closing
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