http://cache.jalopnik.com/assets/base/img/thumbs140x140/jalopnik.com.png http://jalopnik.com/tag/g. richard wagoner http://jalopnik.com/tag/g. richard wagoner

The Wall Street Journal is reporting GM plans to remove another 5,000 salaried workers from payrolls by November as part of its re-restructuring announced earlier this month. The cuts would amount to about 15% of GM's North American white-collar staff, continuing what has become a 40% salaried headcount reduction since 2000. News of the job losses comes as GM is preparing analysts and the media to expect a large second-quarter loss when the company reports earnings tomorrow. Rather than layoffs, GM hopes to encourage staffers to leave with early retirement packages and cash incentives. Hey, it works for the cars, so why not try it on the employees? [WSJ (sub. req.)] More »
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On the heels of yesterday's WSJ story that GM was planning to eliminate thousands more jobs and potentially cut another brand, GM spokespeople are denying at least half the claims. Further brands are, supposedly, not under strategic review. Job cuts? Well...yeah, those are probably still going to happen. Our snap analysis after the jump. More »
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According to the WSJ, GM's early-August board meeting is likely to result in layoffs affecting both blue- and white-collar workforces. They're also reporting GM is seriously exploring sloughing off another brand, either by outright closure or by placing it up for sale, a-la Hummer's "strategic review." We've put together a quick brand-viability scorecard breakdown after the jump for those of you playing along at home. More »
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General Motors is planning to extend the current product cycle on its full-size trucks and SUVs, the Wall Street Journal reported Thursday. New designs had been expected to come in time for the 2012 model year. However GM spokesperson Tom Wilkinson told the Journal that GM was "looking at the whole product portfolio" in an effort to bring more fuel-efficient vehicles to the U.S. market. While the change in product planning should free up much-needed R&D funds, there's little doubt the lukewarm launch of the latest Toyota Tundra and the gas prices-induced slow-motion 2009 Dodge Ram and 2009 Ford F-150 launch train-wrecks influenced top brass at the Ren Cen. More »
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The times, they are a changin', and this week GM Chairman and Chieftain Rick Wagoner seems to have noticed. Wagoner announced a "strategic review of our Hummer brand," yesterday. Translation: "Anyone want to buy Hummer? Anyone? C'mon...cheap! Cerberus, I'm lookin' at you." Also included in the statement was news that four truck plants will be making the ultimate sacrifice: Moraine, Ohio; Janesville, Wisconsin; Toluca, Mexico; and Oshawa, Ontario. More »
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