GM Europe sees cost problem at Portugal plant

Newswire

FRANKFURT, May 30 (Reuters) - General Motors said it would seek ways to cut costs at its light commercial vehicle plant in Azambuja, Portugal, which is not as competitive as other plants. "An analysis of Combo (vehicle) production at the Azambuja plant in Portugal pointed to a 500 euro ($643.70) cost disadvantage per unit at the facility when compared to other possible production locations," the U.S. automaker said in a statement on Tuesday. "GM has vowed to work with the appropriate ...

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