General Motors Corp announces that it will spend $900 million in the next few years to regulate its manufacturing capacity that include reducing output and closing plants.
General Motors Corp. (GM) is considered the U.S. No.1 automaker. The company filed its quarterly report with the U.S. Securities and Exchange Commission and gave details about its plans to spend $100 million in 2008 and $800 million in 2009 and afterward.
