General Motors Facts

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Title: General Motors Facts

Essay Details:

Subject: Technology

Author: Peggy J

Date: November 5, 2016

Level: College

Grade: A

Length: 1 / 245

Essay text:

One out of every 10 people in America is employed in a service that is related to the U.S. auto industry. If a plant closes, so does its suppliers, the local stores, the hot dog vendors, and the local restaurants. The effect would be devastating in ways of which you never have thought: Nearly 3 million jobs would be lost in the first year alone – with another 2.5 million to follow over the next two years Personal income in the United States would drop by more than $150.7 billion in the first year The cost to local, state, and federal governments could reach $156.4 billion over three years in lost taxes, and unemployment and health care assistance Domestic automobile production would more than likely fall to zero – even by international producers, due to supplier bankruptcies The credit crisis that is affecting us all is wounding the U...

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