The downward spiral continues for General Motors Corp., which last week announced it would lop money-losing Oldsmobile from its seven U.S. vehicle divisions and cut white collar staff in North America and Europe 10%. It also will begin restructuring its money-losing European operations, including the closing of one assembly plant and an overall 400,000-unit capacity reduction by 2004. The moves — among the automaker's most drastic since its 1992 bloodletting that saw Chairman Robert C. ...
Premium Content (PAID Subscription Required)
"GM Kills Olds; Cuts Staff; Revamps Europe" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.