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October 29th, 2008 by DaveAdmin
Automotive News wrote that GM is postponing nearly all its product development spending until 2011, to cut costs. This move could delay the upcoming Chevrolet Cruze and other vehicles. Cost cuts will also hit engineering, design and research. Projects are being postponed rather than cancelled, with the hopes of saving up to $1.5 billion. The Camaro, Volt, LaCross, and Traverse are all “protected” from the cutbacks.
Sorry this is contradicting to what i heard this morning my apologies////rsparks5
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