General Motors is apparently considering delaying the launch of its much-anticipated Cruze compact car in the United States. Sources within the Detroit automaker say that the Cruze has been pushed back from a 2010 model year launch to 2011 and that the Cobalt – GM’s current entry into the crowded compact field – would continue to be their only entry.
GM’s Dee Allen would neither deny or confirm the report. He told Business Week that the automaker would “continue to review the portfolio and concentrate on what’s most important.”
The news magazine also reports that the automaker, which is burning through cash at a rate of $1 billion per month, is also considering delaying the Malibu replacement by 6 months. The current Malibu is scheduled to be replaced for the 2012 model year, but to conserve money, the automaker is considering waiting another six months.
