DETROIT | GM plant closing not expected to stall Detroit’s rebound

8Dec - by Editor - 0 - In STL.News



DETROIT — General Motors’ planned shutdown of its Detroit-Hamtramck plant would leave only one auto assembly factory in the city known for “putting America on wheels,” but the closure and job losses are not expected to stall-out Detroit’s comeback since its 2014 bankruptcy exit.

Experts say a more tech-driven and medical industry economy is moving Detroit further from a reliance on manufacturing and that GM’s downsizing in the name of cost-cutting and investment in autonomous and electric vehicles won’t hurt as much as past mass layoffs and plant closings.

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