GM to Move up New Model Introductions

GM’s new chairman, Ed Whitacre has announced that the automaker will release some new models sooner than originally planned to regain some of the market share that its lost.

GM is fresh out of bankruptcy, but received $50 billion in federal aid, which will help it regain some of its losses. GM’s market share dropped to 18.9 percent last month down from 20.5, which was more that 50 percent decades ago.

“Our cash position is good,” Whitacre said. “We have some flexibility.”

Whitacre did not announce which models we can expect to see sooner, but GM’s market share is expected to further erode since it is selling or phasing out the Saturn, Saab, Hummer and Pontiac brands.

Full Story: Detroit News