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Automotive News Says GM Will Restructure Oldsmobile

11 December 2000

Automotive News Says GM Will Restructure Oldsmobile

    DETROIT, Dec. 11 General Motors plans to announce a
"restructuring of Oldsmobile" on Tuesday morning, according to the trade paper
Automotive News.
    In a special report on its Web site, autonews.com , the paper quoted a GM
source who said the announcement would be made in a satellite broadcast to all
GM dealers.
    A memo sent today to the dealers said GM Chairman Jack Smith and Bill
Lovejoy, GM's group vice president of North America vehicle sales, service and
marketing, will speak to dealers in the broadcast.
    Oldsmobile sales have dropped 18.5 percent through 11 months of this year.
    Automotive News is the industry's authoritative newspaper, which is
published each Monday in Detroit by Crain Communications.