GM cuts truck production, considers selling Hummer brand
Broad restructuring plan pushes GM stock higher
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Jamie LaReau
Automotive News | June 3, 2008 - 9:24 am EST
 
 
General Motors said today that it is ending truck production at four plants that build full-sized pickups and SUVs and is considering "all options" with its Hummer brand — including a [...]

GM to close 4 factories, may drop Hummer
Automaker to curtail truck, SUV production amid soaring fuel prices

The Associated Press
updated 8:21 a.m. CT, Tues., June. 3, 2008

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WILMINGTON, Del. - General Motors is closing four [...]

Tuesday, June 3, 2008
GM to slash truck and SUV production
Sharon Terlep / The Detroit News
WILMINGTON, Del . — General Motors Corp. today announced plans to shutter four truck and SUV plants while adding capacity at some smaller-car factories.
A Metro Detroit assembly plant is among the winners in the automaker’s restructuring plan announced today, with an [...]

Cerberus: Sale reports false
Company denies it sold off equity stakes in its GMAC, Chrysler units.
David Shepardson / Detroit News Washington Bureau
WASHINGTON — Cerberus Capital Management LP denied reports Monday that it had sold equity stakes in Chrysler LLC or GMAC — but didn’t deny it had sought new money from its investors.
The Financial Times had [...]

Gas offer not pumping sales
Chrysler expected to sell 18% fewer vehicles despite $2.99 deal
Eric Morath / The Detroit News
Even the lure of $2.99-a-gallon gas for three years didn’t bolster Chrysler LLC’s sagging sales in May, automotive analysts predict.
While Chrysler’s Gas Guarantee promotion — introduced May 5 — has attracted more customers to its showrooms, that [...]

 
Chevrolet to get a new compact car for sale early next year
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Jamie LaReau
Automotive News | June 2, 2008 - 1:52 pm EST
 
 
DETROIT — General Motors will unveil a Chevrolet compact car at an auto show this fall, with production slated to begin early next year, say sources familiar with GM’s product program.
The vehicle will [...]