GM is Willing to Cut Imports if it Helps Talks on Union Pact

Toledo Blade

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."

To read the rest of this article, please click the source link above

GM is Willing to Cut Imports if it Helps Talks on Union Pact »