Wagoner addresses GM's future
GM CEO announces plant closures and reduced truck output, Hummer under a cloud and the Volt to go into productionGeneral Motors has committed to a major restructure of its manufacturing infrastructure over the next few years. The global giant will close light truck plants and refocus its sales targets on a larger share of the passenger car market.
As we reported yesterday (more here), the US light truck market is in trouble and both Ford and General Motors are reducing their reliance on sales of light trucks for revenue.
CEO for General Motors, Rick Wagoner, has officially announced in a video that corporation plans to cut light truck production and introduce new passenger cars such as the Volt electric car and a new compact model, as well as ramping up production for the popular mid-range siblings, the Chevrolet Malibu and Pontiac G6.
To comment on this article click here
Tags
Please see our Editorial Guidelines & Code of Ethics (including for more information about sponsored content and paid events). The information published on this website is of a general nature only and doesn’t consider your particular circumstances or needs.
