DETROIT (AP):
General Motors Corp said Friday that it planed to re-open a shuttered United States factory to build compact cars that will likely be the smallest vehicles GM has ever produced here.
The company said in a written statement that the retooled factory will be able to build 160,000 small and compact cars per year. The automaker did not say which factory would be selected to build the cars.
GM, which is expected to file for bankruptcy protection Monday, also plans to announce then that it will close 14 more factories, including four assembly plants.
LONDON (AP):
The British government says more than 35,000 new cars have been ordered through its new car "scrappage programme" since it was launched a month ago.
The government and car industry are sharing costs to offer discounts of 2,000 pounds ($3,225) to new car buyers who trade in a model more than 10 years old.
Prime Minister Gordon Brown said Friday the programme helps consumers and protects jobs by stimulating demand for new cars.