General Motors plans to eliminate 25 000 jobs in the United States by 2008 and to close plants as part of a strategy to revive its struggling North American operations. On Tuesday, chairperson and chief executive Rick Wagoner said the capacity and job cuts will generate annual savings of roughly $2,5-billion.
More than a year ago, Volvo Car Corp. gave women employees a special project: design the car they would like to drive. The result — a roomy, 215-horsepower coupe — makes a statement about what women want. Simply put, they want more.