DETROIT, MICHIGAN - November 27, 2018
General Motors announced its plans to close three vehicle assembly plants: two in the US and one in Canada in 2019. Two transmission plants are also to be closed in the US. The company said it is all being done as part of an effort to cut 15% of its workforce, in order to increase efficiency. The economic effect is expected at $6 billion by the end of 2020.
GM said it’s not about greed—it’s about global product development. The company is going to double investment in electric and autonomous vehicle programs.
“We are announcing the...