Extended Plant Shutdowns the Name of the Game for Automakers as Cash Reserves Run Out

SUGAR LAND--December 19, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--The battle over bailing out the U.S. automakers continues to rage in Washington while the automakers themselves are quickly running out of cash to maintain operations. As a result, all three automakers, General Motors Corporation (NYSE:GM) (Detroit, Michigan), Ford Motor Company (NYSE:F) (Dearborn, Michigan) and Chrysler LLC (Auburn Hills, Michigan), have announced plans to temporarily close manufacturing plants in North America in the coming days to allow sales to catch up to inventory and to save money while the debate on the bailout continues.