General Motors, Trump and Ohio battery plant
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General Motors planning layoffs at local battery plant
In a letter to its shareholders on Oct. 21, GM CEO Mary Barra cited challenges with the end of federal consumer incentives for the purchase of electric vehicles, stating that the company was "reassessing" its EV capacity and manufacturing footprint.
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.
General Motors beat Q3 estimates, raised 2025 guidance, and posted record EV sales with strong profitability and cash flow. Learn why GM stock is a strong buy.
More than 100 firefighters battled the fire, which involved lithium ion batteries and prototype cars at General Motors' design studio in Pasadena. Its cause is under investigation.
The automaker’s headcount reductions affected workers at sites in Michigan and Georgia, according to a company spokesperson.
This episode also covers a proposal for taxing short-term rentals in the Michigan House, honorary street signs, and DTE net profits.
GM and Paramount slash thousands of jobs while Nvidia soars to a $5 trillion market value. Plus, AOL gets a new owner and Tesla ditches FM radios.