Summary
Additionally, GM will build a future small car in the United States utilizing a UAWGM assembly plant on standby capacity status, with major metal stampings supported from a UAW-GM U.S. stamping plant also on standby capacity. This new small car will play a vitaljple in GM's plans to improve the fuel efficiency of its vehicle fleet Small cars represent one of the fastest growing segments in both the U.S. and around the world. The re-tooled assembly plant will be capable of building 160,000 cars annually. Selection of the site will be determined in the future.
June 1, 2009: U.S. GM Manufacturing Optimization Plan Actions General Motors Corp. (NYSE: GM), one of the world's largest automakers, was founded in 1908, and today manufactures cars and trucks in 34 countries. With its global headquarters in Detroit, GM employs 234,500 people in every major region of the world, and sells and services vehicles in some 140 countries. In 2008, GM sold 8.35 million cars and trucks globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall and Willing. GM's largest national market is the United States, followed by China, Brazil, the United Kingdom, Canada, Russia and Germany. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services. More information on GM can be found at www.gm.com.Genuine GM Parts are sold under the GM, GM Performance Parts, GM Goodwrench and ACDelco brands through GM Service & Parts Operations, which supplies GM dealerships and distributors worldwide. GM engines and transmissions are marketed through GM Powertrain.Additionally, GM will build a future small car in the United States utilizing a UAWGM assembly plant on standby capacity status, with major metal stampings supported from a UAW-GM U.S. stamping plant also on standby capacity. The following is a statement from GM board chairman Kent Kresa following the company's bankruptcy filing Monday morning The General Motors Board of Directors authorized the filing of a chapter 11 case with regret that this path proved necessary despite the best efforts of so many.See the full content of this document
Extract
Gm Pulls Ahead U.S. Plant Closures
DETROIT _ General Motors Corp. (NYSE: GM) has announced details of its accelerated "manufacturing plan to improve capacity utilization and flexibility for the New GM. GM also reaffirmed it will build a small car at one of its U.S. assembly plants on standby capacity status.
The manufacturing plan reduces GM's total number of assembly, powertrain a...See the full content of this document
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