General Motors just announced that it will be selling off at least 4 billion dollars of its assets, suspending its dividends, and cutting 20 percent of its salaried cash costs in an effort to deal with the crushing losses its sustained in the current automotive market.
It didn't take long for us to see the effects––some of the middle managers we've known have already left, and word is race team funding is being slashed left and right.
Times are getting tough folks--how long will it be before our beloved performance arms at GM have to continue dropping specialty projects, like the Z28, until we're left with a fleet of Aveos?
Let's do what we can to continue to support our GM Performance Division and GM Performance Parts brothers and sisters, when they need us most!