DETROIT (Michigan) - GENERAL Motors will build 'smaller, smarter and more fuel efficient' cars and trucks, chief executive Rick Wagoner said at the North American International Auto Show on Sunday.
His announcement came via a massive video screen with the unveiling of GM's new lineup for 2009 and future offerings, including the Chevrolet Volt, its first all-electric vehicle.
Tiny Smart car a big hit
DETROIT - DESPITE the American love-affair with big cars, the United States has emerged as the third largest single market for Daimler AG's tiny Smart car, the chief of Smart USA said.
'Even though we didn?t really get started until February (of 2008) we were third in the world behind Germany and Italy,' said Roger Penske, the head of the Penske Group, the Detroit-based chain of dealerships which has partnered with Daimler to distribute Smart.
Dozens of GM employees brandished placards that read '40 MPG' (miles per gallon), 'Here to stay,' and 'We're electric.' 'We are going to dramatically accelerate our restructuring plan,' Mr Wagoner said. 'It's a big job, to be sure, starting here this morning.' 'GM is not the same company that it used to be,' he said, recognizing the calamity in US auto sector caused by the financial crisis and a global recession.
'We are committed to the development of alternative energy' and better fuel efficiency,' he said.
'We will ... get through this,' he added. GM 'has the products to enter into the next decades.' Washington has provided General Motors and Chrysler US$13.4 billion (S$19.9 billion) in loans to help rejig their respective product line and ride out a sales downturn. -- AFP
