Despite posting a loss of more than $3.25 billion in the first quarter, General Motors Corp. remains intent on increasing capital spending to fortify its product portfolio and meet the demands of stricter fuel economy regulations on the horizon. GM’s capital expenditures in the quarter rose $700 million to $1.9 billion, from $1.2 billion in like-2007. Chief Financial Officer Ray Young declines to provide specific guidance, but reiterates in a conference call to discuss first-quarter ...

Premium Content (PAID Subscription Required)

"GM Plan to Spend More Capital in 2008 Remains on Track" 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!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.