General Motors Corp. posts a record annual loss of $38.7 billion but also provides better-than-expected guidance for 2008 and offers a richer, wider-ranging buyout package for its unionized hourly workers. The attrition would clear the way for GM to hire replacements at a lower wage-rate, in accordance with a new contract provision negotiated in 2007 with the United Auto Workers union. Late last year, the auto maker announced a buyout offer to union employees at select locations. But GM ...

Premium Content (PAID Subscription Required)

"GM Suffers Record $38.7 Billion Loss in 2007; Enhances Attrition Program" 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.