Friday, April 25, 2014
Inquirer Daily News

GM's Wilmington plant waits word on bankruptcy fate

GM's Wilmington plant waits word on bankruptcy fate

GM's Wilmington plant waits word on bankruptcy fate

General Motors filing for bankruptcy: "An Obama auto task force spent three months restructuring the 100-year-old business -- which at one time built half of all cars in America and was the largest private employer in the world. That effort lands today in bankruptcy court." Bloomberg story here.

In Wilmington, the last 450 workers at the GM Boxwood Road plant (used to be over 2,000) wait for word on whether the plant could be converted to make Spark compacts. The plant is most likely a "goner", since it builds Saturns and Pontiacs, two lines GM plans to stop, but Gov. Markell is mounting a last-ditch salvage effort, reports the Wilmington News Journal here. The Newark, Del. Chrysler plant closed last year.

About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

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