Business
Result of Meeting
Result of Meeting.
About this update from Gaming Realms Plc
[{"type":"text","content":"\n \n \n GM Expects Improved Financial Performance in 2006 \n \n North American Turnaround Is Top Priority \n \n Further Structural Cost Targets Established \n \n DETROIT, Jan. 13 -- General Motors Corp. (NYSE: GM) Chairman and Chief \nExecutive Officer Rick Wagoner today said the company is moving rapidly to \nimplement its North American turnaround plan in order to improve GM's financial \nperformance in 2006 and transform the company for long-term success. \n In a meeting with securities analysts here today, Wagoner said the top \npriority for the company is to return GM's North American operations to \nprofitability and positive cash flow as quickly as possible. \n 'We continue to explore ways to strengthen our liquidity, and we know the \nmost obvious way is to get our North American automotive operations back to \ngenerating positive cash flow,' Wagoner said. 'And we will continue to pursue \nother opportunities as well. \n 'Our primary focus in North America this year is to fully and rapidly \nimplement our turnaround plan, which focuses on the areas that can quickly \nimprove our results and, just as important, fundamentally enhance our long-\nterm competitiveness,' Wagoner said. 'We expect to see improved results in \n2006 and further progress in 2007.' \n A key element of GM's turnaround strategy is delivering great cars and \ntrucks. Over the next two years, GM will rapidly revitalize its product \nportfolio with new full-sized sport utility vehicles and pick-up trucks, \nadditional crossover vehicles, and a significantly expanded line-up for \nSaturn. \n \n Revitalized Product Portfolio \n \n In 2006, approximately 29 percent of GM's North American sales volume is \nexpected to come from recently launched cars and trucks, as well as upcoming \nnew entries such as the Chevrolet Tahoe, Saturn Sky, GMC Yukon, Cadillac \nEscalade, and Saturn Aura. By 2007, GM expects more than 30 percent of GM's \nsales volume to come from these new vehicles. \n 'As we demonstrated at the Detroit auto show this week, GM is committed to \nbringing out great cars and trucks,' Wagoner said. 'The Chevy Camaro concept \ncar, which was picked as best concept car for the auto show, and the new \nSaturn Vue hybrid vehicle are but two examples of the strength and mission of \nour design and engineering team.' \n In addition to launching many exci...