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GM plans more restructuring measures
Clipped to the Drawing Board by Adam Crighton  
DETROIT — General Motors Corp .'s top managers are working on additional restructuring measures, including production cuts, to deal with a declining U.S. auto market and an accelerated shift from trucks to more fuel efficient vehicles, a person familiar with the plan told The Associated Press.

The person, who asked not to be identified because the plan is still being devised, confirmed Thursday that Chairman and Chief Executive Officer Rick Wagoner and his top managers are working on the matter. The person said it would include further production cuts but declined to be more specific.

Another person who also asked for anonymity had said Wednesday the managers were working on a restructuring plan but did not say whether it included production cuts.
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Powered by JoomlaCommentCopyright (C) 2006 Frantisek Hliva. All rights reserved.Homepage: http://cavo.co.nr/
Friday 30 May, 2008 04:32 PM
 
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