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Nov 15, 2005

Collapse II - USA - Soft sales shut Big 3 factories


Plant downtime jumps almost 70 percent as production far outpaces demand for U.S. autos
Detroit,Mich.,USA -The Detroit News, by Bryce G. Hoffman -14 Nov 2005: -- The workers are sent home -- where they receive nearly full pay. The assembly line grinds to a halt. And the auto plant goes dark, often for weeks at a time... It's a new sign of the times in the U.S. auto industry, where excess vehicles and sliding market share have left the Big Three with the capability to build far more vehicles than they can sell... So far this year, North American factories operated by Ford Motor Co., General Motors Corp. and DaimlerChrysler AG's Chrysler Group have logged 210 weeks of downtime. plants were idle 125 weeks all of last year... The numbers tell a story that has an unhappy ending for the U.S. autoworker. Both GM and Ford are preparing to announce plans to close plants and cut thousands of jobs in an effort to bring factory capacity back in line with demand...

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