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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: sylvester80 who wrote (1101892)11/27/2018 1:04:20 PM
From: Broken_Clock1 Recommendation

Recommended By
locogringo

  Read Replies (4) | Respond to of 1586102
 
Nope. GM clowns were given a bailout and are running the company into the ground. Failed Obama corporate welfare project. Now GM wants self driving cars that run like crap. GM is a short.

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The moves reflect the stark consumer shift to SUVs, crossovers and pickups. All of the GM plants on the chopping block make passenger cars.

The company will also discontinue the Chevrolet Cruze and Volt in North America as well as the Buick LaCrosse, Cadillac XTS and Cadillac CT6.

While sales of those models were suffering, they continued to support thousands of jobs. GM has about 1,500 employees at the Detroit plant, 1,600 at the Lordstown factory and 2,500 in Oshawa.

About half of those workers will be given the chance to relocate to another GM operation, the company said.

The announcement comes ahead of next year's contract talks with the United Auto Workers union, which could potentially lead to decisions to devote vehicles to those facilities.

The union vowed to fight the plan, but there's a serious chance that the plants will close for good.

More: GM to kill Chevrolet Volt, Cruze, Impala as Americans ditch passenger cars

CEO Mary Barra is seeking to reposition GM for a future defined by self-driving cars, ride-sharing networks and electric vehicles.