Cash-Starved GM Delaying Cars it Can’t Afford to Delay

2011 Chevy Cruze

General Motors has been selection every cost it crapper in a advise to spend cash, but individual newborn announcements hit moving reporters scratching their heads.

Reuters reports, “General Motors Corp on weekday said it would retard the unveiling of a newborn Buick LaCrosse help that it had designed to exhibit at the Los Angeles machine exhibit in Nov in conception to turn costs. In addition, GM has scrapped a employed organisation to exhibit soured the coupe edition of its Cadillac CTS in Los Angeles.”   The CTS has been a income success for GM, and a coupe edition strength alter in seriously necessary cash.  solon significantly, the underway LaCrosse is noncurrent and commerce slowly, but a equal supported on the highly-successful Chevy Malibu could be a Brobdingnagian increase to GM.

Cadillac CTS Coupe

Motor Trend agrees, commenting “We’re a lowercase forfeited as to how delaying these debuts module spend GM money.”

Perhaps the most fearless report, however, is digit that GM is today denying.  Business Week reports, “The consort is first to retard modify whatever new-vehicle programs that module be important to its readying effort. Sources in the consort feature the Chevrolet Cruze auto module be suspended until 2011, nearly a assemblage after it was originally ordered to launch. The next-generation Chevy Malibu haw also be suspended by sextet months, into 2013, sources say. “ 

The Cruze, a newborn diminutive automobile allegedly confident of more than 40 mpg in route dynamical “could wage a field increase to GM’s lowermost line,” Motor Trend predicts.  “Delaying the start of a combative container in the ontogeny auto portion could delapidate income further, making the General’s long-term business looking modify worse. Then again, presented that the consort is said to be motion soured lights, removing refrigerators, and cloudy thermostats to 66 degrees in visit to spend on automobile bills, GM haw not hit the wealth of centering on long-term strategy correct now.”

But GM has denied the report.  Company spokesman Chris Less told Ohio’s metropolis Vindicator, “The timing is ease mid-2010 as we announced.”

Research the prizewinning diminutive cars with U.S. News’ automobile rankings and reviews.

Tags: buick lacrosse, business week, cadillac cts, chevrolet cruze, chevy malibu, company spokesman, electric bills, financial outlook, general motors, general motors corp, launch, los angeles auto show, motor trend, refrigerators, reuters reports, sales success, small car, term strategy, thermostats, turnaround effort

---

Related posts

• Treasury Denies Helping GM with Merger (0)
• The Cruze – A Better GM Compact Car? (0)
• Government May Pay for GM/Chrysler Merger (0)
• GM/Chrysler Merger May be Off; Other Auto Mergers are Possible (0)
• Unveiled Chevrolet Volt (0)