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GM To Spend $2 Billion Revamping Small Car Line-Up

February 11, 2003

According to the Wall Street Journal, GM is planning a major product investment in its smaller cars to strengthen its bottom line. The report says that GM plans to spend almost $2 billion overhauling its small car offerings. The WSJ report says that GM plans to bring out lines of new or reconfigured compact cars and trucks over the next few years. The report adds that GM believes that the new models will boost its market share among younger buyers. According to the report, GM is expected to use models from its Daewoo Motor (GMDAT) operation to bolster its small cars offering, with GMDAT cars being sold under the Chevrolet and Suzuki brands.
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