The big story Tuesday was about General Motors' plan to lay off workers and cut production as part of cost-saving measures necessary to weather the recent downturn in the U.S. automotive market.
This comes on the heels of similar moves by other automakers, perhaps most notably Toyota, which recently announced plans to suspend production at its Tundra plant in San Antonio.
This news ought to make northeast Arkansas economic development officials feel a little better about the region's failure to attract a major automotive assembly plant to the region during the past few years.
As some folks might remember, that San Antonio Tundra plant is the very one that nearly ended up just a few miles down Interstate 55 in Marion. The Marion site was widely regarded as a leader for that project, before Toyota opted instead to build in Texas.
No layoffs are expected in connection with the Tundra production suspension; but still, it's not the kind of thing that builds confidence in the industry.
Missing on that project might have a silver lining, after all.
Wednesday, July 16, 2008
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