FROM BUSINESS WEEK: General Motors Co., the biggest U.S. carmaker, will maintain its focus on scaling back spending and eliminating bureaucracy while working to gain market share and post a profit this year, Vice Chairman Bob Lutz said.
“Restructuring is largely a work in progress,” Lutz said today in a Bloomberg Television interview at the Geneva auto show. “If you tell yourself that you’re done, ‘we don’t have to cut any more costs,’ that probably means you’re complacent.”
General Motors Co., the biggest U.S. carmaker, will maintain its focus on scaling back spending and eliminating bureaucracy while working to gain market share and post a profit this year, Vice Chairman Bob Lutz said. MORE»
“Restructuring is largely a work in progress,” Lutz said today in a Bloomberg Television interview at the Geneva auto show. “If you tell yourself that you’re done, ‘we don’t have to cut any more costs,’ that probably means you’re complacent.” MORE»
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