GM's SURVIVAL STRATEGY

[Camarino]

GM's Survival Strategy
Hope this sin't a repost....http://www.motortrend.com/features/a...egy/index.html

GM will cut its North American nameplate lineup from 48 down to 36 by 2012. Hummer (H2, H3), Saab (9-3, 9-5, 9-7x), and Saturn (Astra, Aura, Vue, Outlook, Sky) account for 10 of those 12 cuts. The 2011 Chevy Volt is an added model, offsetting elimination of the TrailBlazer. Cruze for Cobalt is a wash. The lame-duck GMC Envoy makes 11, and the Pontiac G5 probably makes 12. The G6 sedan is likely dead, though the coupe and convertible versions do qualify as niche vehicles. The Buick Lucerne, Cadillac DTS, and STS all are likely to go away for a couple years until they're replaced with a new full-size Buick and a converged DTS/STS.

GM also plans to:

* Reduce workforce by 47,000 globally, including 10,000 white collar (3,400 U.S. white collar)
* Close 14 North American factories by 2012, five more than in the December 2 plan
* Reduce U.S. dealers from 6,200 currently to 4,700 in 2012 and 4,100 in 2014
* Seek to convert bondholder debt and funding to autoworkers' retirement health care funds into GM stock
* Seek up to $30 billion in federal loan guarantees, including funding already received, with repayment expected from 2012 to 2017