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Last week GM it requested the corresponding authorities of the United States to initiate the procedures of “chapter 11” to throw a renewed and highly competitive company constructed exclusively on the most solid parts of the business.

One emphasizes that only some of the operations of GM in the United States will be a part of this process, which will allow to the company to keep on operating while it prepares his relaunch as a New GM, which will keep on impelling the viability plan approved on April 27 that puts focus in achieving successful results, preferring the client for on all the things, concentrating on 4 marks (Chevrolet, Buick, Cadillac and GMC), and supporting the investments in new and advanced technologies.

None of the subsidies of GM in our region has been included in the procedures of “chapter 11”, for what GM continues Argentina with his operations normally in the country.

The mark announced in his web site that:

GM Argentina is a different legal entity, with economic and financial solvency thanks to the fact that our operations support a healthy balance in the region.

GM Argentina continues normally the commercialization of our vehicles across a concessionaires' wide and solid network that endorse our marks and products.

The guarantee, stores and vehicles of our marks Chevrolet and Suzuki in Argentina are supported without changes, and are provided with the support of all the concessionaires Chevrolet and Suzuki of the country.

The clients of Plan of Saving Chevrolet can continue with the calmness of which the subscriptions, awarding, invoicing, and delivery times of the vehicles continue without changes.

GM Argentina supports his commitment of investment in the country, developing a new regional compact model in our industrial plant of Rosary which production will initiate at the end of 2009.

In general Motors we have more determination that to never achieve that our company is a competitive, profitable company and car sustentable in the long term and in the best interest of our clients, personnel, providers, and concessionaires.

Source: Official place of GM Argentina