GM Resumes Operations At Indiana Plant After Explosion

GM Resumes Operations At Indiana Plant After Explosion

General Motors Company (NYSE:GM) resumed the operations of its metal-stamping plant in India after a chemical explosion that caused the death of a contractor and injured a number of workers.

Stephanie Jentgen, the spokesperson for General Motors Company (NYSE:GM) said the first-shift employees of the metal-stamping plant reported for work on Wednesday morning.

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General Motors Company (NYSE:GM) evacuated its employees after a tank of chlorine dioxide in the metal-stamping plant exploded on Tuesday. The explosion killed James L. Gibson, a 48-year old contractor and injured four other workers. Jentgen said the injured workers were taken to the hospital for observation and have been released.

General Motors is conducting investigation

According to Jentgen, General Motors Company (NYSE:GM) is conducting an investigation to determine the cause of the explosion. The Marion metal-stamping plant provides blanks, stampings and sheet metal assembly for vehicles to GM’s assembly plants in North America. It is located approximately 60 miles northeast of Indianapolis, and employs 1,600 people.

General Motors reported vehicle sales growth

Yesterday, General Motors Company (NYSE:GM) reported that its vehicle sales in the United States increased despite facing massive recall problems.

According to the automaker, its total U.S. vehicle sales increased 1% to 267,461 units in June. Its retail sales rose 1%, and fleet sales climbed 2% last month.

“June was the third very strong month in a row for GM, with every brand up on a selling-day adjusted basis. In fact, the first half of the year was our best retail sales performance since 2008, driven by an outstanding second quarter,” said Kurt McNeil, vice president of U.S. sales operations of General Motors Company (NYSE:GM).

McNeil added that the commercial and small business customers of General Motors Company (NYSE:GM) are building their fleets to meet the strong demand for the second half of the year.

The automaker’s commercial fleet sales rose 48% driven by strong sales for pickup, van and small cars. Its government deliveries went up 14% while small business deliveries rose 6%.

General Motors Company (NYSE:GM) estimated that the seasonally adjusted annual selling rate (SAAR) for light vehicles was 16 .6 million units in June.

General Motors recalled additional 7.6 million vehicles

General Motors Company (NYSE:GM) recently announced six safety recalls involving 7.6 million vehicles in the U.S. linked to seven crashes, eight injuries and three fatalities. The automaker already recalled a total of about 25 million vehicles in the United States.

The automaker also expected to write-down $2.5 billion related to recall expenses for the first half of this year including the $1.3 billion from the first quarter and $1.2 billion from the second quarter.

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