GM is definitely going through some hard times with the declining US market and still managing to blow through $1 billion bucks a month.
GM is trying to cut costs across the board, which may lead to a delay in the introduction date of the new Chevy Cruze and the next-generation Chevy Malibu. Last week it was announced that the upcoming Cadillac CTS Coupe and next-gen Buick LaCrosse are being delayed. Now BusinessWeek is reporting that the Chevy Cruze is going to be delayed a year until 2011 (2012 model) and the next-generation Chevy Malibu is going to be delayed 6 months until 2013.
The delays are expected to help GM save some money, but is it smart to delay the introduction of the Cruze? GM needs more quality small cars in its lineup and 2011 is not soon enough.
Full Story: BusinessWeek
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