GM modular assembly plan yanks union's chain

Article Abstract:

General Motors Corp has announced its $1-billion modular assembly plan called Project Yellowstone. The project involves the creation of a series of new small-car plants and assembly lines by early 2000. Under the plan, workers at Yellowstone facilities will snap together pre-assembled components called modules. GM said that each plant will have 2,000 workers, from the current 5,000 workers typically employed at its plants. The company is expecting to cut costs by $2000 for each small car it builds through the modular assembly method.

Production management, Automobiles, Automobile Manufacturing, General Motors Corp.

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GM finalizes plans for Delphi spinoff

Article Abstract:

General Motors Corp (GM) will complete its almost $8-billion spinoff of Delphi Automotive Systems on May 28, 1999. GM stockholders are receiving 0.7 Delphi shares for every GM share. On Feb 5, 1999, 17.7% of Delphi was sold by GM in an IPO. GM constitutes 4/5 of Delphi's yearly revenue of $28.8 billion. According to Jack Smith, CEO of GM, the Delphi spinoff will make GM and Delphi stronger and more competitive in their respective operations through focused growth.

Asset sales & divestitures, Motor Vehicle Parts, Motor Vehicle Parts Manufacturing, Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, Automotive parts, Delphi Corp.

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