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GM Plant Closings...It's More Than Four

As I was typing in last night's article that GM was closing four plants, I was thinking to myself, "Is that enough?" Actually, now that I look back it seems that I typed that question--the mind plays tricks. Well, in any case four plants wouldn't have been enough. Perhaps the four number came from the fact that four assembly plants are being shut down? At this point I've seen a number of estimates on the plants being closed. CNN says "about a dozen" plants and Automotive News says eight, but the solid number is 30,000 jobs. GM has to cut capacity and it is going to take bold moves to do so. GM's stock is climbing up as I write this, but we'll have to see what the analysts have to say over the next few days.