General Motors' plans to end production next year at five North American plants and slash salaried head count by 15 percent will not come without risks and consequences. It will have to navigate political headwinds and not attempt to overplay its hand during upcoming union negotiations.
General Motors' net income and operating profit significantly fell in the first quarter due to planned downtime in its full-size pickup production, a restructuring in Korea and other costs. GM's earnings before interest and taxes declined 27 percent.
In ousting Johan de Nysschen and replacing him with Steve Carlisle, a company loyalist in the vein of CEO Mary Barra, GM appears to be signaling its desire to bring Cadillac back into the fold under a single, unified corporate vision that emphasizes speed and measurable return on investment.