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27 11 2018 02

General Motors announced various steps to improve overall business performance including the reorganisation of its global product development staffs, the realignment of its manufacturing capacity and a reduction of salaried workforce.

These actions are expected to increase annual adjusted automotive free cash flow by $6 billion by year-end 2020 on a run-rate basis.

“The actions we are taking today continue our transformation to be highly agile, resilient and profitable, while giving us the flexibility to invest in the future,” said GM Chairman and CEO Mary Barra. “We recognise the need to stay in front of changing market conditions and customer preferences to position our company for long-term success.”

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