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General Motors boss Rick Wagoner has revealed further cost-cutting measures in the US, intending to protect the embattled manufacturer from bankruptcy.

The cuts are intended to save nearly $10 billion (£502m) and include reducing the cost of salaried workers by a further 20 per cent, slashing pick-up truck production and cutting back on development costs.

GM’s European operations, including Vauxhall, have yet to be affected by major cutbacks. But in America the world’s erstwhile la...Read the full article

Autocar:

But in America the world’s erstwhile largest car manufacturer is suffering from the one of the largest crises in its century-long history

Toyota is the world's largest car maker, not GM

ThwartedEfforts:

Autocar:

But in America the world’s erstwhile largest car manufacturer is suffering from the one of the largest crises in its century-long history

Toyota is the world's largest car maker, not GM

 

type "define: erstwhile" into google, and this comes out:

erstwhile(a): belonging to some prior time; "erstwhile friend"; "our former glory"; "the once capital of the state"; "her quondam lover"

Google, and lexicons, are your friend :).

Yes, thanks dad, I'm not stupid, just blind.

Who on earth says "world's erstwhile largest" anyway? According to my 'friend' Google, nobody.

"...strangling demand for the large pick-ups and SUVs on which its profits were based"

More fool them for continuing to base their profits on deservedly unsustainable market sectors.