DETROIT – By using its new global-product development process, General Motors Corp. says it will save $1 billion developing its next-generation midsize cars, a top company executive says. “This new architecture will serve nine different models in our four regions,” Bob Lutz, GM vice chairman-product development, tells the Automotive Press Assn. here. “Here is where we get the benefit – a 40% reduction in prototype builds. The cost of prototype builds goes into the high tens of millions ...
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