WSJ: General Motors To Cut 15% Of Salaried Workforce By November

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… » 7/31/08 10:00am 7/31/08 10:00am

GM Says Brands Not Under Strategic Review, Just Jobs

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… » 7/08/08 8:40am 7/08/08 8:40am

This Is Our Country, This Is Our Truck...And It Will Be For Quite Some…

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"… » 6/19/08 9:20am 6/19/08 9:20am

Hummer Up For Sale, Four Truck Plants Gone?

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… » 6/03/08 8:53am 6/03/08 8:53am