GM says it has jobs for nearly every one of the 2,800 laid-off workers, but they must decide whether they're willing to relocate.
The future of the auto industry is uncertain as ride-sharing, self-driving vehicles and other technologies evolve.
On April 1, the credit will drop by 50 percent.
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 company at least $2 billion this year. Robust pickup truck and SUV sales have helped GM […]
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 said the company expects 2018 earnings will be stronger than previously expected and said 2019 […]
As the automaker's Oshawa, Ontario, plant has shed jobs, the local economy has been forced to diversify.
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 is slowing. GM’s plans to shut down five plants are just the latest example. Economists […]
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 get ahead of major changes in the automotive landscape in America. Click the audio player […]
GM is betting that drastic cuts now will help them survive the downturn ahead.
The largest U.S. automaker has one all-electric vehicle, but plans to develop 20.