General Motors to cut salaried costs 20 percent, slash truck output - - 5th Generation Camaro Enthusiasts
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post #1 of 2 Old 07-15-2008, 08:50 AM Thread Starter
Join Date: Aug 2006
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General Motors to cut salaried costs 20 percent, slash truck output

General Motors Corp. Chairman and CEO Rick Wagoner today outlined a new round of cost-cutting measures in a conference for workers. GM's board of directors met Monday to approve the plan, which executives took weeks to prepare. The directors also reaffirmed support for the management team led by Wagoner and its newest turnaround plan.

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post #2 of 2 Old 07-15-2008, 09:49 AM
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Definitely sad times for GM and the entire economy ....

That being said, I think i'll be purchasing some GM stock...
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