GM Cuts Costs To Stop Its Cash Burn
Reacting to the worst car market in a decade, General Motors laid out a series of moves on July 15 to slash costs and raise cash as the company struggles to get through radical changes in the car market.
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#1 Jul 18, 2008
These are some big moves. Well thought out and never too late. Great minds truely run the show. Now, along with their set pay, Wagner, Lutz and the think tank of execs can give themselves big bonuses for saving GM after years of slow reaction to almost everything that moves in the auto industry. Pat on the back boy's. P.S. Please do not purchase the Toronto Maple Leafs. They need bright,open eyed owners and leaders.
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