DETROIT -- General Motors has made a voluntary $4 billion cash contribution to its U.S. hourly and salaried pension plans, with a $2.7 billion contribution going to the hourly plan and $1.3 billion to the salaried plan.
"This pension contribution puts us another step closer to our goal of fully funding our pension plans and achieving minimal debt. With a healthy balance sheet, a lower cost structure and focus on revenue generation, we continue to put in place the fundamentals for sustainable success," said Chris Liddell, GM vice chairman and CFO.
GM U.S. pension plans currently provide benefits to approximately 688,000 participants.
