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2008 Los Angeles Auto Show: GM Is out
Mass media is filled up with the shocking reports about General Motors losing its power and going down the road of the financial crisis. The manufacturer’s profits went down and the sales are staying low.
Due to the financial problems GM decided to give up many of the plans for 2008 Los Angeles Auto Show. The American auto maker planned to introduce new vehicles at the show: Buick LaCrosse sedan and Cadillac CTS coupe, but in order to save some money for the company the owners decided to cancel that and move the presentation to the Detroit show in January.
GM will not be sending any representatives and cancelled many events they planned for the show in California.
At the same time the auto manufacturer is not going to disappear from Los Angeles completely. The visitors will still see several of the displays from General Motors. And the admirers of the new projects will be able to observe new Chevrolet Volt at the show.
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