I Read The Auto Biographies So You Don't Have To

Here's GM's plan.   It wants up to $30 billion from the government.... in exchange for essentially becoming SM: Specific Motors.


The basics: GM will reduce its nameplates to 36 by 2012. It will cut 25,000 U.S. jobs within the next year. It will close down 38 factories by 2012, five more than it had previously anticipated.  Every model released through 2014 will be either a hybrid or be designed specifically to run through gasoline more slowly. By 2012, 65% of its sales should come from "alternative fuel" cars.  Of its brands, GM anticipates selling both Hummer and Saab. Pontiac will remain a viable. Saturn is dying in two years. GM plans to reduce its dealerships by 25% over the next for years.  GM's productivity numbers will improve, it says, subject to ratification of a new deal with UAW.

Company boilerplate:

The revised Plan restructures the Company's business in the U.S. by concentrating on
GM's three strongest global brands (Chevrolet, Cadillac and Buick) and its premium
truck brand (GMC); by restructuring the retail distribution channel to achieve a strong,
healthy dealer network while preserving GM's historical strength in rural areas; by basing
the product plan on