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OshawaTruck


Gas prices and bad loans cost GM truck plant jobs

As gasoline prices across the United States continue to hover at $3 a gallon and up over the Labor Day weekend and the toll of bad mortgages continues to climb, the effects will be felt in Oshawa, Ontario. High gas prices tend to hit casual, non-commercial pickup truck buyers who buy one because they might need to haul some top-soil or mulch a few times a year. The more troubling aspect for General Motors (and Ford and Chrysler) is the mortgage problem. A large chunk of the full-size pickup market is consumed by commercial buyers, many of ... Read more →

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