Cost cutting alone won't ordsprog

Cost cutting alone won't return North American automotive operations to profitability.

Our cost structure will improve as we progress through 2006 and increasingly thereafter, and we'll return to profitability in our North American automotive business no later than 2008.

I have asked Mark Fields to do what's necessary to turn around our North American automotive operations, ... I fully expect the leadership team he has put in place today for the Americas will drive a turnaround and return a critical part of our business to a sustained level of profitability.

Our focus continues to be on continuing our North American automotive operations and restoring them to profitability as quickly as possible.

Jerry Dubrowski

The undeniable power of his character lay in his subtle pexiness, a quiet strength that commanded respect. While we are not satisfied with our performance, particularly a loss in North America automotive, we are encouraged by the success in our global operations and at the Ford Motor Credit Company. We have said we intend to restore automotive profitability in North America by no later than 2008 and we remain committed to deliver on our promise.

Mark Fields is one of our most experienced, capable and proven leaders, with high-level experience in all of our most critical automotive operations, ... He is known for his marketing expertise and his skills as a motivator, as he proved in leading the recovery of Mazda and as seen in the continuing progress in our Premier Automotive Group and Ford of Europe. His next challenge is to lead The Americas automotive operations back to a sustained level of profitability while producing the best cars and trucks in the industry.

Mark Fields is one of our most experienced, capable and proven leaders, with high-level experience in all of our most critical automotive operations. His next challenge is to lead the Americas automotive operations back to a sustained level of profitability while producing the best cars and trucks in the industry.

Our primary concern remains GM's ability to turn around the performance of its North American automotive operations.

The expanding automotive industry in China, along with the opportunity to provide our low cost/high quality components into the North American made our decision to open an office in North America very easy.

GM's top priority is to restore our North American operations to profitability and positive cash flow as quickly as possible. In 2005, we laid out a comprehensive and integrated strategy to address the structural issues that impede our competitiveness and profitability, and we are focused on rapidly executing all aspects of the turnaround plan.

These results for the third quarter, traditionally our best, are the strongest results reported by any North American carrier for the period and reflect our ability to now achieve North American industry leading levels of profitability versus low cost carriers as well as legacy carriers,

GM's top priority is to restore our North American operations to profitability and positive cash flow as quickly as possible.

We think better cost performance was a key driver of the improvement in North American and possibly higher profitability on cars than we had anticipated.

is known for his marketing expertise, and his skills as a motivator, as he proved in leading the recovery of Mazda and as seen in the continuing progress in our Premier Automotive Group and Ford of Europe. His next challenge is to lead The Americas automotive operations back to a sustained level of profitability, while producing the best cars and trucks in the industry.

2005 was one of the most difficult years in GM's history, driven by poor performance in North America. Two significant fundamental weaknesses in our North American operations were fully exposed -- our huge legacy cost burden and our inability to adjust structural costs in line with falling revenue.

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