GM Cuts 1K Jobs In Cost-Cutting Reorganization
General Motors laid off almost 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions.
General Motors laid off almost 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions.
U.S. stock indexes sagged on Tuesday as rising Treasury yields impacted rate-sensitive sectors, while investors evaluated earnings to assess the health of American companies.
Tesla CEO Elon Musk showcased on Thursday a long-awaited robotaxi with two gull-wing doors and no steering wheel or pedals and surprised with robovan.
General Motors (GM) announced it’s recalling 449,000 of its SUVs and pickup trucks due to the electronic brake control module software failing to display a warning light when losing brake fluid takes place.
GM said Monday it is laying off more than 1,000 salaried employees at its software and service units worldwide.
General Motors is laying off more than 1,000 salaried employees globally in its software and services division following a review to streamline the unit’s operations, according to CNBC.
Ford outlined plans to use a Canadian plant earmarked for future electric vehicles to instead build larger, gas-powered versions of its F-Series pickup truck.
The National Highway Traffic Safety Administration said it has learned of nine additional incidents that raise concerns about the performance of Alphabet’s Waymo self-driving vehicles.
The outcome of a vote on Friday by workers at a Mercedes-Benz factory in Alabama will be a key referendum on whether the UAW can maintain momentum in the historically anti-union South.
San Francisco police Sergeant David Radford contacted Tesla about data on an alleged stalker’s remote access to a vehicle.