The financial crisis GM is currently in affects everyone, even people here in the DFW community. Not only is there a huge General Motor's plant in Arlington, but the auto industry provides a lot of third party jobs in the metroplex as well. If General Motor's decides to cut back on production or discontinue any of it's large SUV's, which are made in the Arlington plant, then there would be a lot of jobs lost. Unemployment would rise and the metroplex would be directly affected by the auto crisis.
The DFW area also is home to many companies that GM contracts to supply parts to them. Companies like Delphi, which supplies all of Chevrolet's power steering columns. If GM were to cut back production or go bankrupt companies like this could also go out of business and there would be more unemployment spread throughout the area.
GM is headquartered in Detroit, Michigan but their financial crisis has affect all across the nation, even here in the TCU community.
No comments:
Post a Comment