Wednesday, March 05, 2008

American Axle Strike Effects multiply

It's not exactly the butterfly effect, but a strike at American Axle, hardly the largest auto supplier, has already idled six General Motors plants, and now supplier plants are starting to shut down as well. According to Automotive News, Lear Corp. has already laid off 1,000 workers and slowed down work in 7 plants. Magna International has also slowed its production. Autonews reports that lost production by GM is currently at 3,667 vehicles per day from six closed plants, but if the strike is not resolved, lost production could reach 16,884 cars per day by this coming Saturday.
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