WASHINGTON (AP) -- General Motors Chairman Richard Wagoner says the company isn't planning to reopen its Janesville assembly plant.
Wagoner said Tuesday the Janesville community shouldn't be "overly optimistic" about the prospects of GM bringing different products there.
The plant used to be where GM made large SUVs. But the company shut down the plant last year, cutting about 1,200 jobs.
Wagoner says he's optimistic about the company's future. He says executives are reinventing the company for the next 100 years.
But he says there currently isn't demand to use the Janesville capacity.
GM has received about $13.4 billion in U.S. loans to help it stay afloat. The company is seeking another $16.6 billion in federal loans.