FOX 2 Detroit on MSN

General Motors laying off more than 1,100 employees from two locations

Some tough news to start the new year for scores of autoworkers. General Motors says it’s laying off more than eleven hundred ...
MotorBiscuit

GM Permanently Lays Off Another 1,100 Detroit Factory Workers

The company stayed vague about plans after Jan. 6. In late November, GM announced it permanently laid off the third shift.
Steel Horse Rides on MSN

GM lays off 1,300+ workers as Factory Zero EV strategy falters

General Motors is cutting more than 1,300 jobs tied to its electric vehicle build-out, a stark reversal for a strategy that ...

Citi analysts see big opportunity in GM's $6 billion charge and restructuring

The firm raised its price target on General Motors to $98 from $86, while maintaining a buy rating on the company's shares.

GM takes $6 billion hit as cost of backing away from EVs

General Motors on Thursday said it will take an additional $6 billion hit against its earnings as result of it pulling back ...
autoevolution

GM Is Temporarily Reducing Factory Zero EV Production To Better Align With Demand

According to the Detroit Free Press, the General Motors Factory Zero assembly complex will partially shut down two shifts. The Detroit-based automaker said that its production adjustments impact the ...
GM Authority

GM Slashes More EV Production At Factory Zero Plant, Cutting Nearly 2,000 Jobs

GM is making a series of job cuts at its Factory Zero assembly plant near Detroit, resulting in the loss of nearly 2,000 jobs across several U.S. facilities. The move follows slower-than-expected EV ...

General Motors slashing jobs at two major plants

UAW Local 22 represents the workers at Factory Zero and the president says they’ve now lost about half of their membership ...

Should GM’s US$7.1 Billion EV Write-down and Shift to Trucks Require Action From General Motors (GM) Investors?

In the past few days, General Motors said it will record about US$7.10 billion in special charges as it scales back parts of ...
GM Authority

GM Reducing GMC Hummer EV, Cadillac Escalade IQ Production At Factory Zero Plant

The Detroit Free Press reports that GM is putting a temporary pause on production of the GMC Hummer EV and Cadillac Escalade IQ at the GM Factory Zero plant in Michigan. A partial shut-down of first- ...
Nasdaq

Does GM's Factory Zero Shift Cut Signal a Slowdown in its EV Push?

U.S. legacy automaker General Motors GM is adjusting production at its Detroit Factory Zero plant. It is scaling back shifts for two EV models to align its output with demand. The company will ...