US: GM cuts annual costs by US$10.7bn

Based on company documents and comments by a General Motors' spokesperson, the OEM has cut US$10.7bn from its annual costs, freeing up money for marketing and vehicle upgrades while boosting chief executive officer Ed Whitacre’s target of achieving a 2010 profit. According to a Bloomberg report, the cost reductions include reduced interest Subscribe to Automotive World … Continued

• By Webmaster
• February 16, 2010