Detroit’s Survival Strategy

Tuesday’s the big day for General Motors and Chrysler: The two struggling automakers will unveil their plans to stay afloat through March 31, a condition of the billions in bailouts they were approved for in December. GM is set to unveil “aggressive new restructuring targets,” the Financial Times reports, that over the next 18 months will include speeding up plant closures, reducing dealerships, and selling or shaking up some of its eight brands, especially Hummer, Saab, and Saturn. Chrysler will tout its $3.8 billion in fixed cost cuts and a cut to annual production capacity by 1.3 million vehicles.