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Restructuring Our Business

To compete more effectively in today's global marketplace, and particularly in North America, we have been executing a plan to restructure aggressively our Automotive business to address the realities of lower demand, volatile fuel prices and the shifting model mix from trucks and large SUVs to more fuel-efficient vehicles. This restructuring includes right-sizing our production capacity, our workforce and our dealer network. We are working with our partners in the UAW, our dealer network and the communities in which we operate to handle this downsizing responsibly and minimize the negative impacts of these changes.

We have reduced our cumulative annual North America Automotive operating costs by more than $5 billion.