GM is Looking to Cut More Than Just Opel
General Motors recently sold off its Opel brand to PSA Group, and it sounds like the American automaker could be gearing up to sell off more.
It seems that GM has given up on its quest to be the world’s largest automaker and is instead focusing on driving up profit margins and stock prices. Future moves by GM are just speculation at this point, but it seems that no brand or vehicle is safe from the liquidation efforts.
Next up, GM is looking to reduce investment in two parts of its operations to help it save money, North American cars and “select” international markets. By cutting from those two places, it should free up capacity to build more pickups and SUVs for North America, both of which are lucrative for automakers. GM has watched its cars sales plummet while pickups and SUVs keep getting stronger, so the brand is following the money.
SEE ALSO: GM Officially Sells Opel to France’s PSA Group in €2.2-Billion Deal
Cadillac and sales in China are also a priority at GM right now. Cuts have been made recently in a number of countries including Russia, Australia, Indonesia and Thailand, some of which will likely go even further to help GM free up some money.
Whatever the next changes at GM are, they likely won’t be as extensive as the sale of Opel was, as that it also GM’s effective abandonment of the European market.
[Source: Automotive News]
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Stephen covers all of the day-to-day events of the industry as the News Editor at AutoGuide, along with being the AG truck expert. His truck knowledge comes from working long days on the woodlot with pickups and driving straight trucks professionally. When not at his desk, Steve can be found playing his bass or riding his snowmobile or Sea-Doo. Find Stephen on <A title="@Selmer07 on Twitter" href="http://www.twitter.com/selmer07">Twitter</A> and <A title="Stephen on Google+" href="http://plus.google.com/117833131531784822251?rel=author">Google+</A>
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Buh-bye, Holden...
aha! they're planning on selling Geo and Saturn :)