<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">TAKING ACTION. So, will GM take York's and Kerkorian's advice? It's doubtful that it will close down Saab anytime soon. And you can forget about Hummer being sold: GM says the brand is profitable and is bringing in buyers who previously didn't shop its other brands.
Since the UAW has already made concessions on job levels and health-care benefits, getting more would take some wrestling. Wagoner may not be able to get more from the union until its current labor pact expires in 2007.
Wagoner told BusinessWeek that GM already made significant cuts, but he didn't rule out the possibility that in a few years more could be necessary. He did say that his current plan -- including the job cuts, health-care concessions, and savings from purchasing -- will take out $6 billion in costs. But he added during an interview, "Will we need more? I don't know."
Neither do York and Kerkorian, but Wagoner can be certain that both will be riding hard on his management team. And if GM won't take action, they will. </div></BLOCKQUOTE>
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