Execs with General Motors (GM +2.2%) are up to bat at the Citibank Global Industrials Conference...

|By:, SA News Editor

Execs with General Motors (GM +2.2%) are up to bat at the Citibank Global Industrials Conference with the early part of the presentation focused on the automaker's ability to hold the line on prices in 2012. As one example, the average incentive on Chevrolet Sonics dropped to $300 in Q2 compared to over $1,400 last year. The company set 10% margins as a top goal, saying new product launches and controlled costs will contribute. By 2016, GM will have almost an entirely new slate of models after relying primarily on retreads from 2009-2012. (webcast)