According to The Truth About Cars, GM was building a brand new plant to make engines for the upcoming Chevy Volt. But, running out of money, they have postponed or canceled the project after spending a wad of cash on it.
More brain dead GM management. Here is a company with about twice as many plants as they need, yet they are building a brand new one? Dumb move.
Here is a company pinning its hopes on the new hybrid Chevy Volt, a technological first for GM, cutting edge battery, all new electric drive design. This is a high risk project, there is a good chance something won't work, or something breaks after they sell them. So, rather than picking an existing engine already in production, a low risk strategy, they were gonna use a brand new engine built in a brand new plant. And if anything were to go wrong with the new engine or the new plant, the entire Chevy Volt project is jeopardized. Only a brain dead project manager would make that decision.
First thing the GM bankruptcy judge should do is replace ALL of GM management.