Quote:
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"We are conserving our capital for those things that we know will move the mark," GM Vice Chairman Bob Lutz said on his blog. "We will continue to cut costs and adjust to changing market demands. We will adjust our portfolio to meet the market where it is headed."
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It is a good point that money is tight at GM, and therefore it might be necessary to delay some products by a year or two (e.g. Cruize and Aura/Insignia). Especially if a deep recession is likely.
I'm not particularly happy about it, but if it means GM can afford to advertise these products properly, it probably is the right decision.