GM to de-emphasize light truck focus
General Motors Corp. (GM) said it will shift more of its $3.5 billion North American product development budget in 2003 to passenger cars after focusing on light trucks since the mid-1990s. GM said will now spend 62-63% of the budget on passenger cars. The company spent about 65% on pickups and SUVs in the past two years. GM said its share of the U.S. midsize car market fell to about 30% in 2002 from