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General Motors of Canada announced that it would be closing down its Oshawa truck plant in 2009, effectively laying off about 2,600 workers. GM has said rising fuel costs have forced them to downsize production on some of their gas-guzzling vehicles. Currently a protest against General Motors is entering its second week as hundreds of workers continued to form a blockade around the company’s Oshawa headquarters. With the rising fuel costs and more North American auto maker plants closing this could change the auto industry significantly. Many drivers are already opting to buy more fuel efficient smaller vehicles and are increasingly buying used autos and cars that fall into the same category. Such as the fuel efficient used Toyotas and Hondas.

This entry was posted on Monday, June 16th, 2008 at 7:13 am and is filed under Autos.