General Motors will today announce aggressive restructuring targets as it seeks to convince US politicians and taxpayers it can survive the global car industry's deepening downturn.
In revamped viability plans taking into account tougher business conditions than expected, GM and its smaller Detroit rival Chrysler will also make clear that they need more government support than the $17.4bn approved in December.
GM will say that it plans over the next 18 months to speed up plant closures, reduce dealers, and sell or restructure some of its eight brands, notably Hummer, Saab and Saturn.
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