GM to Ramp Up Savings Plan

0

General Motors Corp. on Friday said it is moving ahead with structural and material cost-cutting this year in a move to staunch losses in North America as quickly as possible.


The world’s largest automaker, whose shares were slightly lower in early trading, expects to realize about $4 billion in savings in 2006 of the previously identified targeted savings of $7 billion comprised of $6 billion in structural costs and $1 billion in material costs.


*

Read the full Reuters story

.

No posts to display