Question-and-Answer Session
Operator
(Operator Instructions) Our first question is coming from the line of John Murphy from Merrill Lynch. Please go ahead sir.
John Murphy - Merrill Lynch
Good afternoon, guys.
Rick Wagoner
Hey, John.
John Murphy - Merrill Lynch
One thing, clearly this is a tough time and there's a lot of concerning points in your current situation, but the one thing that seems to be the toughest for me to reconcile as we go forward is the cut in product launches over the next two years. And by what I'm looking at, it looks like in absolute launches you're cutting your launch schedule by almost a half. I was just wondering when you run these forward scenarios on these dire macro numbers, which I think is a very smart thing to do, how you think about your market share with these much lower product launches, because you had a pretty good launch scheduled before, that seemed like it would help stabilize market share, and now it doesn't seem like that exists anymore. I just want to try and understand, how you think about the size of the company in the US going forward in this very tough market?
Fritz Henderson
This is Fritz. How are you doing?
John Murphy - Merrill Lynch
Good. How are you?
Fritz Henderson
I'm not sure how you measure that. We look at the move to $4.8 billion. We have deferred some launches, there's no question, but the large ones that we expected to accomplish in '09, we will accomplish. I also think, what we've done, we had a fair amount of powertrain capacity spend, and frankly, some emerging market capacity spend that was in our '08 and specifically '09 capital plans, which we basically just deferred, because we don't think we need it, with these sorts of planning assumptions.
Yes. I mean I won't say we've left our launch schedule untouched, but if you go back and look at my chart here, in the middle of the deck, I've focused more on '09 frankly. We've kept major programs, for example, like the Cruise, which was scheduled to go in early '10 still goes. We have the Buick getting launched in both the US and China. We've got basically the SRX coming. Frankly, we tried to preserve as much as possible our core launches.
The other thing I would say is, I made the comment and probably should have been more explicit, the chart wasn't intended to be exhaustive actually. It was intended to be illustrative of the major launches we had. So, when you look at page 13, the Camaro is pretty much on time, the CTS Wagon comes, SRX, Equinox and Terrain are all pretty much kept on schedule.
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