GM reduction in V-8 engine development
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GM reduction in V-8 engine development
GM To Bolster Liquidity By $15 Billion Through 2009
Will this reduction in V-8 engine development impact the Camaro?
GM is revising its capital spending plan and reducing approximately $1.5 billion in expenditures versus prior plans. Capital expenditures are now estimated to total $7 billion in 2009 versus prior plans of $8.5 billion (these figures do not include the $1 billion in capital spending planned in both 2008 and 2009 in China, which is self-funded by the GM joint ventures, to support growth in that market). A major part of the reductions is related to the delay of the next generation large pickup and SUV program, as well as V-8 engine development and associated capacity.
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Will this reduction in V-8 engine development impact the Camaro?
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From: The Golden State
GM and Ford suspended development of new V8 engine programs in the late 70s. But that didn't stop them from upping power and fuel economy in the 80s. or create new V8s after things (CAFE and fuel supplies) stablized.
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