AP Source: GM Closing 14 Plants : Planet Money The automaker won't comment on word it plans to shutter factories.
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AP Source: GM Closing 14 Plants

From the Dayton, Ohio, Daily News, "AP Source: GM to announce 14 plant closures Monday." The lede:

A person briefed on General Motors Corp.'s plans says the company on Monday will identify the 14 factories it will close as it heads toward a likely Chapter 11 bankruptcy protection filing.

The person says United Auto Workers officials in Detroit have told plant-level union leaders that the company will make the announcement, not the union.

The paper reports that a GM spokesperson wouldn't comment.

The Detroit Free Press say the GM board meets this week to decide whether to file for bankruptcy. UPDATE: GM and Treasury have reached a deal with major bondholders giving them more equity in exchange for not fighting the government's bankruptcy plans.)

(Thanks, @maple_fan, who lives outside Dayton and tweets, "This is surreal in an ex-GM town.")