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Tag: General Motors

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General Motors to sack 1,000 workers

General Motors Co. is set to cut around 1,000 salaried jobs globally as part of a strategy to streamline operations. The majority of the layoffs will impact North American staff, according to sources who spoke on the condition of anonymity. This marks the third time in 2024 that GM has reduced its salaried workforce, following […]

General Motors
Business

GM to stop Chevrolet Bolt EV production this year

General Motors announced on Tuesday that it will cease production of its Chevrolet Bolt electric vehicle later this year to prioritize zero-emission production of trucks and SUVs built on a new battery platform. According to GM’s CEO, Mary Barra, “We have progressed so far that it’s now time to plan to end the Chevrolet Bolt […]

General Motors
Business

US drivers to sue GM over faulty vehicle transmission

A federal judge in Detroit, United States has approved a class-action lawsuit brought by drivers in 26 states against General Motors, claiming the auto giant made defective transmissions for around 800,000 vehicles produced between 2015 and 2019. Reuters reported that the U.S. District Judge David Lawson’s decision on Monday involved different models, including Chevrolet and […]

General Motors
Business

General Motors fires hundreds of employees, plans $2bn cost reduction

One of the world’s leading automakers, General Motors is cutting  hundreds of executive-level and salaried jobs as plans to reduce costs and streamline operations.   Reuters reported that this was provided by a person briefed on the company’s job cut on Tuesday.   According to this person, global reductions are in the “low hundreds.”   […]