msn GM investing $1Billion in trucks..... - Saab General Bulletin Board - Saabnet.com
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msn GM investing $1Billion in trucks.....
Posted by mdj [Email] (more from mdj) on Thu, 14 Jan 2010 20:27:45
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Trucks have been a biggie over the years, and I understand needing to be competitive. Afterall, the last redesign was .... 2006! About a decade more recent than the 9-5...
Here's a snip and the link:
GM bets on trucks for its future
The automaker is updating its full-size pickups, investing up to $1 billion on the assumption that sagging truck sales can be revived as the economy improves.
[Related content: GM, manufacturing, cars, economy, automotive]
By The Wall Street Journal
General Motors has freed up cash to fund a major update of its full-size pickups, a bet that consumers and businesses will resume buying trucks after a long lull in sales.
Chairman and chief executive Edward E. Whitacre Jr. has agreed to fund the move, said GM product chief Tom Stephens. The remodeling could cost the company close to $1 billion, a person familiar with the matter said.
http://articles.moneycentral.msn.com/Investing/Extra/gm-bets-on-trucks-for-its-future.aspx
posted by 68.163.23...
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