Gm Events & Presentations Gm Analyst Briefing Gm Plan For Long Term Viability

The document outlines a restructuring plan for General Motors to achieve long-term viability and profitability. The plan calls for focusing resources on four core brands, reducing dealerships, cutting labor costs to match foreign competitors by 2012, restructuring debt and VEBA obligations, and investing in more fuel efficient vehicles. Government support of $4 billion in immediate loans and up to $12 billion in loans and credit lines is requested to provide liquidity during restructuring. The goal is for GM to break even with a 12.5-13 million annual US vehicle industry and be profitable by 2011 if the restructuring plan is implemented.