General Motors CEO and President Fritz Henderson admitted in his reorganization press conference Monday morning that his company doesn't have the money to make Cadillac a competitive luxury brand in Europe. The 4.5L turbodiesel V-8, the 2.9L VM Motori turbodiesel V-6 and the Alpha 3 Series-fighter platform all are on hold, and are unlikely to be revived while GM tries to avoid bankruptcy. The Standard of the World will have to get by with the North American markets and parts of Asia, Eastern Europe and the Middle East, for now.
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