How Do Automakers Plan to Cope With Their Upcoming Nightmare?

On Wednesday, we reported General Motors’ plan to buy out salaried employees as part of a long-term cost-cutting strategy, with further reductions in headcount looking likely. Despite its healthy profits, GM knows industry forecasters predict a period of economic hardship and continuously dwindling car sales. OEMs need as much money as they can cling to […]

The post How Do Automakers Plan to Cope With Their Upcoming Nightmare? appeared first on The Truth About Cars.

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