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GM assumes 19 percent-plus U.S. market?
GM assumes 19 percent-plus U.S. market share-director
Posted Friday, Oct 16, 2009, 11:20 am in Employee News
General Motors Co.s turnaround plan assumes it can maintain slightly more than 19 percent of the U.S. market, board member Stephen Girsky said on Thursday, Reuters reported.
Girsky, who joined GM’s 13-member board as a representative of the United Auto Workers union when the automaker emerged from bankruptcy in July, was responding to a question on what GM’s market share would be in three years, the news service said. The comments marked the first time that a GM director had addressed the question of market share for the company after it took $50 billion of emergency U.S. government support, Reuters said.
GM had 19.5 percent of the U.S. auto market in the third quarter and a restructuring plan it announced in May was based on the automaker maintaining an 18.5 percent share in 2009, the news services said. The automaker’s share of the U.S. market has eroded steadily for decades. GM held almost 29 percent of the U.S. market in 2002, the story said. (Reuters)
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
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