GM considers job and brand cuts

General Motors (GM, Fortune 500) is preparing to cut thousands of jobs and possibly unload one or more of its marquee brands in its plan to return to profitability by 2010, according to a report Monday.

The top American automaker is expected to approve the white-collar job cuts when the company's board meets in August, according to sources in a Wall Street Journal report.

All the company's brands, with the exception of Chevrolet and Cadillac, are potential candidates for elimination said the report. Among the most likely candidates for elimination are Saturn and Saab.

Read Full Article from CNNMoney.com

- Posted: 2008-07-07 09:09:26

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