General Motors says it's launching a new series of environmentally friendly vehicles including an electric vehicle for the US market and closing four truck plants.
GM, the world's largest automaker, said it was undertaking a range of strategic initiatives "to aggressively respond to growing demand for fuel-efficient vehicles and to economic and market challenges in North America".
Rick Wagoner, chairman and chief executive of the struggling auto giant, made the announcements at the GM annual meeting of stockholders in Wilmington, Delaware.