General Motors has just announced that it will drastically streamline its global operations in order to allow for smoother operations. As a part of these new plans, General Motors wants to cut the total number of vehicle platforms by half over the next decade. At the same time, the General also wants to decrease the amount of different engines produced so that there can be more powertrain sharing across their lineup.
General Motors wants to build 90% of its cars on a total of 14 platforms, versus today’s 28 platforms, which will help General Motors increase their manufacturing capacity and efficiency.
Additionally, the General wants to make sure that they rid themselves from as much debt and liabilities as possible. Part of this process includes reworking the Detroit manufacturer’s pension plan, which is currently underfunded.