GM to delay unveiling of Buick LaCrosse model

Fri Oct 24, 2008 1:52pm EDT
 
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DETROIT, Oct 24 (Reuters) - General Motors Corp (GM.N) on Friday said it would delay the unveiling of a new Buick LaCrosse model that it had planned to show at the Los Angeles auto show in November in part to reduce costs.

In addition, GM has scrapped a working plan to show off the coupe version of its Cadillac CTS in Los Angeles.

GM will now unveil the new Buick at the Detroit auto show in January, GM spokesman Scott Fosgard said.

The steps were the latest in a series of actions GM has taken to cut costs in recent weeks. GM said on Thursday it would cut some benefit payments and would be forced to dismiss salaried staff because of the steep downturn in auto sales.

 
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