GM says won't close plants in European revamp

Newswire

By Nicola Leske FRANKFURT, June 17 (Reuters) - General Motors Corp will seek to save costs by building more cars on the same basic platform, but will not close plants or cut jobs as part of a reorganisation of its European operations due to be unveiled on Friday, the company said. "Absolutely nothing in this direction is planned," a GM Europe spokesman said on Thursday of media speculation that the world's biggest car maker may shut factories to help return to profit in Europe's fiercely ...

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