xcel

Axing Saab, Hummer not in GM's downsizing plan.

For General Motors Corp., it's the question that just won't go away: Why, if the company is getting smaller and keeps losing sales, does it still need eight vehicle brands in the U.S. market? As part of a sweeping turnaround, GM has dropped the cost-cutting ax on nearly every other corner of its business, laying plans to close plants, cut thousands of jobs and pare health benefits for employees. While it scrapped Oldsmobile in 2002 and killed off slow-selling models such as the Cadillac Eldorado, Buick Park Avenue and Pontiac Bonneville, GM has avoided the nuclear option for its other brands.

Axing Saab, Hummer not in GM's downsizing plan.
xcel, Apr 30, 2006
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