Saturday, February 6, 2016

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.

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About this blog

PhillyDeals posts interviews, drafts and updates that Joseph N. DiStefano writes alongside his Sunday and Monday columns and ongoing articles about Philadelphia-area business.

DiStefano studied economics, history and a little engineering at Penn. He taught writing and research at St. Joe’s. He has written for the Inquirer since 1989, except when he left a few times to work at Bloomberg and elsewhere. He wrote the book Comcasted, and raised six kids with his wife, who is a saint.

Reach Joseph N. at, 215.854.5194, @PhillyJoeD. Read his blog posts at and his Inquirer columns at Bloomberg posts his items at NH BLG_PHILLYDEAL.

Reach Joseph N. at or 215 854 5194.

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