GM Eats Its Children: Cuts Research And Development

If you want to pretty-up the P&L of a car company, there are two quick fixes: You cut marketing expenses, or you cut R&D. A cut of R&D expenses won't show up negatively for three to five years, when you suddenly lack new cars to sell. In the meantime, you look like a hero. General Motors plans to cut about a quarter of the workers at its R&D facility at the Warren Technical Center in suburban Detroit, Automotive News [sub] says. According to the report, GM plans to lay off about one fourth of the roughly 400 R&D personnel at the Warren complex. 90 R&D workers at a GM research facility in India will also receive the pink slip, an Automotive News source said. In a statement, GM confirmed a restructuring of its R&D department, but would not confirm the number of layoffs.   from The Truth About Cars http://www.thetruthaboutcars.com

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