GM Chairman Rick Wagner mentioned additional plant closings & layoffs during today’s shareholder’s meeting in Wilmington, DE:

Going forward, in order to achieve full capacity utilization based on conservative volume planning scenarios, we expect to close additional assembly and component plants over the next few years, and to reduce our manufacturing employment levels in the U.S. by 25,000 or more people in the 2005 to 2008 period. We project that these capacity and employment actions will generate annual savings of approximately $2.5 billion.

Newsweek:

They work in vastly different fields, but the leaders profiled in the following pages are much alike—they have new takes on old business models, a knack for seeing around corners and an appetite for big risk. A case study of New Thinkers.