GM Cuts Costs to the Bone - Chevrolet Cruze delayed till 2011

26/10/2008 - 18:16 | ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,   | Harish Kumar

General Motors is scrutinizing even minor costs like utility bills and is considering delaying the launch of the Chevrolet Cruze compact.

We know how bad things are getting for GM. Cash is so tight that the company is not only delaying production model world premieres but is even scrutinizing over electricity and utility bills. That's how bad it is going for the great General!

As times get worse, GM is doing all it can from laying off salaried workers, selling brands and closing plants. Latest reports from sources say that the much anticipated 2011 Chevrolet Cruze, which was supposed to be GM’s major opportunity to lure in fuel-efficient conscious customers, will be delayed almost a year. I think this comes as bad news to India as this car was eagerly awaited here.

The Chevrolet Cruze was originally set to arrive in April of 2010 as a replacement to the Cobalt. Sources now say it has been pushed back to 2011. The next-generation Chevrolet Malibu is also said to be delayed by at least six months - until 2013.

GM spokesman Dee Allen confirmed product delays and said that some new-car programs “are going to shift around a bit.” Yesterday we heard that GM will no longer be unveiling the production versions of the 2010 Cadillac CTS Coupe or the new Buick LaCrosse at next month’s 2008 LA Auto Show.

Source : EGMcartech

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