GM's shareholder's meeting has ended, but the dust hasn't settled. GM plans to eliminate 25,000 jobs in the U.S. by 2008 and will close more plants to help get production capacities in check. GM did not identify which plants will be targeted. GM's Chairman and Chief Executive Rick Wagoner said the cuts would generate $2.5 billion in savings. Healthcare remained a huge issue with Wagoner citing a cost of $1,500 a car to pay for employee benefits. GM's shares rose slightly in early morning trading. It also looks like GM will ignore Kerkorian's offer to purchase 28 million shares of GM stock. The offer expires today.
Hi! We notice you're using an ad blocker. Please consider whitelisting Autoblog.
We get it. Ads can be annoying. But ads are also how we keep the garage doors open and the lights on here at Autoblog - and keep our stories free for you and for everyone. And free is good, right? If you'd be so kind as to whitelist our site, we promise to keep bringing you great content. Thanks for that. And thanks for reading Autoblog.
Here's how to disable adblocking on our site.
- Click on the icon for your Adblocker in your browser. A drop down menu will appear.
- Select the option to run ads for autoblog.com, by clicking either "turn off for this site", "don't run on pages on this domain", "whitelist this site" or similar. The exact text will differ depending on the actual application you have running.
- Refresh the Autoblog page you were viewing. Done!
You still haven't turned off your adblocker or whitelisted our site. It only takes a few seconds.