DETROIT, Oct 31 (Reuters) - General Motors Co is targeting $500 million in fixed-cost savings between 2013 and 2015, and it plans to make further job cuts in Europe as it seeks to break even in the region by mid-decade, the automaker said on Wednesday. "These are net fixed-cost reductions, not gross fixed-costs reductions" between 2013 and 2015, GM Vice Chairman Steve Girsky, who is leading the restructuring at Opel and Vauxhall, said on a conference call on ...
Premium Content (PAID Subscription Required)
"UPDATE 1-GM targets $500 mln in cost savings, job cuts in Europe" 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.