General Motors Plans to Close Indianapolis Stamping Plant

---

Researched by Industrial Info Resources (Sugar Land, Texas)--The world's second largest automaker, General Motors Company (NYSE:GM) (Detroit, Michigan), is planning to close its stamping plant in Indianapolis, Indiana.

Layoffs will begin this month for the closing of the 2 million-square-foot plant, which boasted more than 1,000 employees. Production will stop by June 2011, and the plant will officially close by December 2011. Approximately 600 employees will lose their jobs.

Headquartered in Detroit, Michigan, GM was founded in 1908. The company currently employs more than 209,000 employees worldwide in 157 countries. GM produces cars and trucks in 31 countries and sells and services vehicles in various divisions, including Buick, Cadillac, Chevrolet, GMC, Opel, Vauxhall and Holden.

View Plant Profile - 3017597
View Project Report - 300023784

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.