GM loses a little muscle

BOISBRIAND, Quebec - General Motors will stop building the Chevrolet Camaro and Pontiac Firebird in September 2002, shutting its Ste. Therese, Quebec, plant. The move will idle 1,400 employees.

Maureen Kempston Darkes, president and general manager of GM Canada, said demand for performance cars has declined and GM needs to reduce production capacity. GM has studied other uses for the plant, but none are realistic, she said. The Ste. Therese plant opened in 1965. GM said it will incur a one-time, pre-tax charge of $300 million in the third quarter.

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