Investors eager for most desperate actions from financially struggling General Motors Corp. had their wishes fulfilled Monday. Just prior to disclosing its third consecutive quarterly loss, posting a deficit of $1.1 billion for July-September, GM reaches a tentative agreement with the United Auto Workers union to reduce the auto maker's mammoth health-care costs, estimated at $5.6 billion for 2005. Rick Wagoner “This is a huge move,” says GM Chairman and CEO Rick Wagoner. “This is ...
Premium Content (PAID Subscription Required)
"Printer-friendly" 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.