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General Motors Press Conference delivered on: 2008-06-03 GM Announces New Products, Capacity Adjustments; Continues Transformation of North American Business New Corvette Reaches Top Speeds of 205 MPH 2009 Chevrolet HHR Gets E85 FlexFuel Capability
Corporate Issues Due to the "unprecedented rise in oil prices," General Motors (GM) has announced plans to cut four North American truck production facilities and increase its lineup of fuel-efficient vehicles. Company officials say they have also received approval to produce the electric-powered Chevy Volt, and simultaneously are considering revamping or selling their Hummer brand.
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