economic downturn

DETROIT | The Latest: GM to slash 14,700 jobs in North America

DETROIT — The Latest on General Motors’ restructuring plans (all times local): 10:30 a.m. General Motors will lay off 14,700 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles. The reduction includes 8,100 white-collar workers, … Continue reading DETROIT | The Latest: GM to slash 14,700 jobs in North America

DETROIT | GM to slash up to 14,000 jobs in North America

DETROIT— General Motors will lay off up to 14,000 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles. The reduction includes 8,100 white-collar workers, some of whom will take buyouts and others who will be … Continue reading DETROIT | GM to slash up to 14,000 jobs in North America

DETROIT | GM to close Canadian plant, but that’s just the beginning

DETROIT — General Motors is closing a Canadian plant at the cost of about 2,500 jobs, but that is apparently just a piece of a much broader, company-wide restructuring that will be announced as early as Monday. A person briefed on the matter told The Associated Press that the plant being shuttered in Canada is … Continue reading DETROIT | GM to close Canadian plant, but that’s just the beginning

BEIJING | China auto sales down 5.3 percent as SUV demand sags

BEIJING  — China’s auto sales shrank in July from a year earlier as SUV demand sagged, an industry group reported Friday, adding to signs of economic malaise amid a tariff battle with Washington. Sales of sedans, SUVs and minivans fell 5.3 percent from a year ago to 1.6 million in the biggest global auto market, … Continue reading BEIJING | China auto sales down 5.3 percent as SUV demand sags