New Vauxhall Meriva and Saab 9-5 delayed

* General Motors faces cash crisis* Credit crunch forces launch postponements* Vauxhall Astra will still be sold in 2009...

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What Car? Staff
13 Nov 2008 11:50 | Last updated: 14 Jun 2018 0:3

The cash crisis at General Motors could force it to delay the introduction of the new Saab 9-5 and Vauxhall Meriva.

Analysts say GM has cash reserves to survive only 12 months, and as a result the company is desperately trying to slash costs.

It has already cancelled its planned events at next week's Los Angeles motor show, and announced that it will delay the launch of the Cadillac CTS Coupe.

However, it now appears that the launch of European-bound cars such as the 9-5 and Meriva will be delayed until at least 2010.

Cars seen as vital to the company's future will still be launched next year, though, including the new Vauxhall Astra, which is due to be launched next winter.