GM continues to adjust while their bailout is stalled

GM announced a cut in production of 250,000 vehicles for the first quarter of 2009 and also that several production plants throughout the US, Canada, and Mexico would remain closed for the entire month of January. GM reported that sales for November are down 41% and it is doing all it can to keep the lights on until some kind of financial assistance is given to General Motors. The factory workers who will be temporarily laid off can continue to receive a portion of their salary from GM and will also need to file for unemployment benefits from the states. Good luck with that because states receive their income from various sorts of taxes such as sales taxes which are down, and property taxes which are also down or not being paid at all in many cases. Hopefully everything works out for the best for the workers; The company's on the other hand need to get it together now. Efficiency is key for these companies because the way lending has tightened up, the amount of potential buyers has seriously dwindeled.