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GM's detailed plan
Posted by TriCitySam [Email] (more from TriCitySam) on Wed, 3 Dec 2008 10:20:14
In Reply to: GM says SAAB will be sold, Dan-O, Wed, 3 Dec 2008 09:14:58
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does not specifically say it will be sold. WSJ reports GM CEO Rick Waggoner indicates shedding or consolidating Saturn,Saab and Pontiac as part of its turnaround plan.
Although GM's detailed plan doesn't exactly state that, it indicates it will focus on its core brands: Chevrolet, Cadillac, GMC and Buick. Pontiac to be reduced to a "specialty/niche" brand with limited offerings intended solely to compliment Buick and GMC. Hummer is under "Strategic Review" and will "immediatly undertake and expedite a stratetigc review of the Saab brand globally".
You can review the full plan, it is posted on the WSJ.com site.
posted by 63.76.20...
http://online.wsj.com/public/resources/documents/gm_restructuring_plan120208.pdf
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