DETROIT--General Motors Corp. (GM) has told local union officials at two factories that it will not allow any more unscheduled overtime. That could help the automaker further cut costs as it burns through $1 billion in cash every month.
The officials at factories in Orion Township, Mich., and Lordstown, Ohio, say they were told of the ban Friday. They didn't know if it affects just their plants or if it is companywide.
A GM spokesman said Monday that the company has not told employees of any ban but is looking at ways to conserve cash.
The Orion Township and Lordstown plants make small and midsize cars, including the Chevrolet Malibu and Cobalt, and the Pontiac G5 and G6. Those have been some of GM's hottest-selling cars, even as the auto industry's U.S. sales overall fall by double digits.
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