General Motors Corp., facing a probable bankruptcy by June 1, is willing to "substantially" cut planned U.S. imports from China and elsewhere to get a money-saving agreement with the United Auto Workers.
Using U.S. production instead of imports would pivot on whether the UAW can build the vehicles at a cost GM can afford, Chief Executive Officer Fritz Henderson said. He said Detroit-based GM had forecast a 12-fold increase in imports to 235,000 by 2014.
"This is a discussion we're having with the UAW," Mr. Henderson said. "We're most profitable when we build where we sell."
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