After weeks of speculation about the solvency of General Motors Corp., CEO Rick Wagoner announces aggressive cost-cutting measures expected to generate $15 billion in savings through 2009. “These (actions), along with current cash and available credit lines, will provide us with ample liquidity through 2009, even with conservative U.S. sales assumptions of about 14 million light vehicles through 2008 and 2009 and continuing high oil prices,” Wagoner tells employees in a conference call ...

Premium Content (PAID Subscription Required)

"GM Expects Cuts to Save $15 Billion" 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 pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.