"In response to slower near-term EV adoption and an evolving regulatory environment, General Motors is realigning EV capacity," the company said.

GM has temporarily cut 5,500 roles, 1,750 of which will be laid off indefinitely. The cuts were centered in Detroit, Warren, and Spring Hill.

General Motors has shut down Factory Zero until Nov. 24 as the Detroit automaker eases back on electric vehicle production. After a temporary return to work, about 1,200 workers will be placed on indefinite layoff, the company confirmed Oct. 29.

General Motors is confirming that about 1,200 people will be laid off from its Factory ZERO facility spanning parts of Detroit and Hamtramck in January.

General Motors is closing its Georgia IT Innovation Center and cutting over 300 jobs as part of a plan to consolidate its technical operations and improve collaboration across key hubs.

According to Wall Street analysts, the median one-year price target for GM is $72.72, which represents 4.57% potential upside from today’s share price. Of the 18 analysts covering GM, 14 assign it a “Buy” rating, two assign it a “Hold” rating and two assign it a “Sell” rating, translating into a consensus “Moderate Buy” rating for the stock.

Over the past eight trading days, the share price of General Motors (NYSE: GM) has popped. The stock closed at $58 a share on Oct. 20, and by Oct. 29 it was just below $70. That's a gain of more than 20% in little more than a week. So, what's going on with the typically staid and boring automaker?

General Motors is trimming its ranks at electric vehicle and battery cell plants in Michigan, Ohio, and Tennessee, the company said Wednesday.

Few companies embody the industrial and cultural legacy of the United States as powerfully as General Motors (NYSE: GM). Founded well over a century ago, GM has served as a manufacturing bellwether, an innovation engine,