In a marathon meeting with the bank and investment-community analysts, General Motors Co.
said that the carmaker will rely less on trucks and is preparing to produce several new or updated models in the future.
GM wants to persuade people that it is ready to once again be a publicly-held operation instead of being perceived as “Government Motors” as 60% of it is owned by the US Department of Treasury. GM gave broad information about its future products, in particular with how these will boost its bottom line. GM also said that it plans to launch 70 new or refreshed models worldwide by 2014 but very few specific details were provided.