GM Issues official Statement on the Disbandment of its High-Performance Vehicle Operations

As part of its restructuring plan (we wonder how many times we've heard this phrase in the past and how many more times we'll be hearing it in the future....), General Motors has disbanded its High Performance Vehicle Operations unit. The company said that all 60 engineers impacted by this decision "have been placed in other engineering operations of General Motors to work on core, volume products, including further improvements in fuel efficiency and advanced propulsion."
General Motors' H.P.V.O. unit was responsible for the chassis and powetrain development of the firm's most potent sports cars such as the Chevy Cobalt and HHR SS models and the Cadillac CTS-V.
"When market conditions and public demand for high performance or specialty vehicles change in the future, General Motors will return these resources to their original tasks," said GM in the statement.