GMC News

GM Takes Drastic Action, Announces Record Production Cutbacks
Colin Mathews By Colin Mathews

GM Takes Drastic Action, Announces Record Production Cutbacks

12/12/2008

"Reeling from a 41 percent drop in its November U.S. sales," says Automotive News, and not quite sure where the money to stay afloat will come from after yesterday's rejection of the domestic auto bailout deal, GM will cut about 30 percent of its North American production capacity during the first...

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