Tuesday, Jul 15, 2008
they own, saab, vauxhalls, etc jobs cuts in UK soon??
CNN: GM to cut jobs, suspend dividend
General Motors Corp. said Tuesday it will suspend its dividend, sell off $4 billion to $7 billion worth of assets and cut 20% worth of salaried cash costs in an overall plan to save billions of dollars.
Posted by mark @ 03:00 PM (313 views) Add Comment
2 Comments
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1. enuii said...
Anyone who owns one of their awful mid sized cars, especially one of their appalling turbo-diesels will know why they are slowly going to the wall.
2. drewster said...
Competition from Japan/Toyota and Korea/Kia means the days of the Big Three (GM, Ford, Chrysler) are numbered. They've been dead companies walking for a long time now.