General Motors purchasing chief sees good Q2

Newswire

VIENNA, June 22 (Reuters) - General Motors had a good second quarter, its head of purchasing told an automotive industry seminar on Thursday. "At GM our turnaround is progressing well. I think you will see a good second quarter," said Bo Andersson, GM vice president of global purchasing and supply chain. He was not more specific. GM, which lost $10.6 billion in 2005, is cutting 30,000 jobs and closing 12 plants as part of a broad restructuring effort. It is also offering early ...

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