General Motors are devising an alternative solution to save their company, called "Plan B", if the government bailout loans are not approved by the United States' Congress by the end of the year. General Motors is currently spending $2 billion per month to keep itself afloat and needs $11 to $14 billion to survive till the spring. The cost cutting details are as follows...

Cause: Sale of All Assets
Effect: Includes 3 percent share of Suzuki. Asking price is $230 million. General Motors are also still looking at unloading their Hummer brand.

Cause: Increased Layoffs
Effect: Includes future layoffs and the layoff announcement of salaried workers announced earlier this year. The cut of salaried workers is expected to save GM $1.5 billion next year alone.

Cause: Delay Product Development
Effect: Applies to nearly all products for 2009. Would save GM about $1.5 billion.

Cause: Increased Production Cuts
Effect: GM have already announced the cut of 300,000 units for 2009, saving the company $2.5 billion. Five assembly plants will also face temporary closures, especially those who build pickup trucks and sport utility vehicles.

Cause: Delay Dealer Incentives
Effect: If GM is to delay incentive payments to dealerships, it would save them $300 million from November 28 to December 11 alone.

Rebecca Lindland, a Global Insight analyst for GM commented "Everything — I mean everything — should be on the table at this point". And that is exactly what GM is doing, or should be doing regardless of the government bail out.

Source: Automotive News