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Marketplace Morning Report

Zimbabwe bans foreign currency

Jun 25, 2019

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Marketplace Morning Report

Ford layoffs necessary to fund bets on its future

by Jack Stewart May 21, 2019
The future of the auto industry is uncertain as ride-sharing, self-driving vehicles and other technologies evolve.
Cars are reflected in the grill of a new Ford truck in Richmond, California.
Justin Sullivan/Getty Images

Tax credit for GM's electric cars starts to phase out

by Marielle Segarra Mar 28, 2019
On April 1, the credit will drop by 50 percent.
Visitors admire the Chevy Volt at the annual auto engineering exhibition in Yokohama, suburban Tokyo on May 19, 2011.
YOSHIKAZU TSUNO/AFP/Getty Images

GM reports strong fourth-quarter earnings

by Mitchell Hartman Feb 6, 2019
General Motors released positive fourth-quarter earnings on Wednesday. This comes just two months after the car manufacturer pledged to eliminate several car models and reduce its workforce by 14,000 jobs. GM says the planned factory closures and layoffs will save the…
General Motors CEO Mary Barra holds a media briefing prior to the start of the 2015 GM Annual Meeting of Stockholders at GM world headquarters June 2015 in Detroit, Michigan. 
Bill Pugliano/Getty Images

GM's profit outlook is rising after announcing restructuring in November

by Mitchell Hartman Jan 11, 2019
Back in November, General Motors unloaded a big bummer of an announcement: five plant closures, about 15,000 layoffs and the dispensing of several car models. GM said all that would save $4.5 billion by 2020. Today, GM CEO Mary Barra…

GM Canada's company town has learned from past layoffs

by Emma Jacobs Dec 6, 2018
As the automaker's Oshawa, Ontario, plant has shed jobs, the local economy has been forced to diversify.
Image of the General Motors plant and headquarters in the 1940s.
Courtesy of the Archival Collection at the Oshawa Museum

What business investment says about our economy's future

by Justin Ho Nov 28, 2018
After the tax law passed last year, Republicans argued that companies would take their tax savings and make big investments in themselves — plants, equipment, trucks, that sort of thing. But over the last year, there are signs that business investment…

GM pursues winning skill set with big layoffs

by Justin Ho Nov 26, 2018
General Motors is shutting down production of some of its less-profitable vehicles, closing some plants and cutting an estimated 14,000 jobs. It will double its investment in autonomous and electric cars in the next two years in an effort to…
A sign is viewed at the General Motors Detroit-Hamtramck Assembly as they announced the closing of multiple facilities including this one on November 26, 2018 in Detroit, Michigan.
JEFF KOWALSKY/AFP/Getty Images

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General Motors kills 6 models as sales decline

by Jed Kim Nov 26, 2018
GM is betting that drastic cuts now will help them survive the downturn ahead.
The newly unveiled 2014 Chevrolet Impala is diaplayed at the New York International Auto Show at the Jacob Javits Convention Center on April 4, 2012 in New York City. 
Mario Tama/Getty Images

General Motors looks to an electric car future

by Ben Bradford Oct 31, 2018
The largest U.S. automaker has one all-electric vehicle, but plans to develop 20.
A crowd gathers around a 2016 Chevrolet Volt after it was named 2016 Green Car of the Year, at the 2015 Los Angeles Auto Show in Los Angeles, California, November 19, 2015. 
ROBYN BECK/AFP/Getty Images

General Motors looks to an electric car future

by Ben Bradford Oct 31, 2018
The largest U.S. automaker has one all-electric vehicle, but plans to develop 20.
A crowd gathers around a 2016 Chevrolet Volt after it was named 2016 Green Car of the Year, at the 2015 Los Angeles Auto Show in Los Angeles, California, November 19, 2015. 
ROBYN BECK/AFP/Getty Images