GM to reopen factory shut by parts shortage

By Peter Valdes-Dapena, senior writer


NEW YORK (CNNMoney) -- General Motors is reopening its truck plant in Shreveport La. which was closed due to parts shortages caused by the Japan earthquake.

Work will begin again at the plant, which was closed on March 21, on Monday.

2009_gmc_canyon.03.jpg
GM's Shreveport plant makes the GMC Canyon.

GM also called back 59 workers who had been laid off at GM's Tonawanda, NY, engine plant.

Those workers had been making engines for the Chevrolet Colorado and GMC Canyon mid-sized trucks had been laid off on the same day the Shreeveport factory was shut.

Like many automakers, GM sources some of its parts from Japan.

GM declined to say, at the time, what part or parts had caused the shutdown.

The automaker later shut down an engine plant in New York state that supplied engines to the Shreveport factory.

Japan was hit by a devastating tsunami on March 11 after one of the largest earthquakes ever recorded struck off the island nation's coastline.

Since then, Japanese automakers have had to close factories in the crippled nation. Other automakers have also experienced supply issues. Ford Motor Co. has had to restrict the use of certain red and black paints on its cars because a Japanese supplier could no longer supply a paint ingredient.

"Like all global auto makers, we will continue to follow the events in Japan closely to determine the business impact," GM said in its statement announcing the reopening.

Analysts expect auto prices to rise in the coming weeks due to shortages of popular models. To top of page

Just the hot list include
Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Find Your Next Car
Index Last Change % Change
Dow 32,627.97 -234.33 -0.71%
Nasdaq 13,215.24 99.07 0.76%
S&P 500 3,913.10 -2.36 -0.06%
Treasuries 1.73 0.00 0.12%
Data as of 6:29am ET
Company Price Change % Change
Ford Motor Co 8.29 0.05 0.61%
Advanced Micro Devic... 54.59 0.70 1.30%
Cisco Systems Inc 47.49 -2.44 -4.89%
General Electric Co 13.00 -0.16 -1.22%
Kraft Heinz Co 27.84 -2.20 -7.32%
Data as of 2:44pm ET
Sponsors

Sections

Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands. More

Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.