Thursday, October 30, 2008
GM may delay new models to cut costs
General Motors may delay or cancel several new models as part of an increasingly urgent drive to control costs.
The cash-strapped carmaker said: "We're evaluating all our product programmes. Things are changing and evolving every day."
The product review has sent shockwaves thought the global automotive parts industry, which could also be hit by the prospect of car company consolidation as demand for new cars continues to fall worldwide.
DATED: 30.10.08
FEED: AW
