General Motors Corp. today announced plans to shutter four truck and SUV plants while adding capacity at some smaller-car factories. A Metro Detroit assembly plant is among the winners in the automaker's restructuring plan announced today, with an additional shift announced at the automaker's Lake Orion plant.
"Our greatest concern is the unprecedented rise in oil prices," said GM Chairman and CEO Rick Wagoner, speaking before the automaker's annual meeting in Delaware. "We believe it is, by and large, permanent.
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