AUTOSHOW-GM design, engineering budget up despite revamp

Newswire

PARIS, Sept 28 (Reuters) - General Motors Corp. has increased its spending for research and product development this year despite a massive effort to cut costs across the company, Vice Chairman Bob Lutz said on Thursday. GM, which is in the midst of a sweeping restructuring aimed at returning the automaker to profitability, is investing more in design, engineering and advanced technology such as hybrids, plug-in hybrids, diesel engines and fuel cells, Lutz told reporters at the Paris auto ...

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