Spring Hill, Columbia Worry About Life after GM

Spring Hill Barn

G. Chambers Williams III from the Tennessean: Tom Smith opened the Video Shoppe in north Columbia a year after GM announced it would build a new Saturn plant in nearby Spring Hill. To his delight, the automaker put a giant training facility right next door, and rentals of his movies boomed. "I had a good run because of it," he said. But today, more than 20 years later, the South Central Tennessee Career Center has moved in next door, where unemployed people go to look for work. "Their business is great, but mine is not," Tom Smith said. Maury County's August unemployment rate was 12.4 percent, up from 7.9 percent a year earlier. Already hit hard by the economic downturn, Tom Smith and other merchants in Columbia and Spring Hill, which have thrived on carmaking jobs for two decades, are bracing for more trouble as the auto industry shrinks.

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GM COO Fritz Henderson: We are Still "Evaluating Our Options," No Decision Yet on Saturn

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Now that General Motors has secured emergency financing via a loan from the U.S. Treasury, the company is putting its "complete focus" on meeting the requirements of the loan and developing a plan by the end of March that proves to the Government that it can evolve into a viable company, according to a story published Friday in Automotive News. The publication quoted GM COO Fritz Henderson as saying the company has still not made any decisions about Saturn, and that GM is still "evaluating our options."