GM lays off 1,700 workers at plants in Michigan and Ohio amid slower EV demand
Source: Associated Press
The Detroit News first reported the cuts on Wednesday covering about 1,200 jobs at an all-electric plant in the Detroit area and 550 workers at Ultium Cells battery cell plant in Ohio, in addition to hundreds of other employees slated for temporary layoffs. GM later confirmed the news to The Associated Press.
Read more: https://finance.yahoo.com/news/gm-lays-off-1-700-170534715.html
MAGA. Things are going to get ugly in this country and soon.
turbinetree
(26,772 posts)FAFO ...............
GB_RN
(3,470 posts)Attributable to Cantaloupe Caligula the Corpulents Big Blunder of a Bill, which axed tax incentives for electrics and plug-in hybrid electric vehicles (PHEVs). So, Im guessing that more than a few MAGAts Attributable to Cantaloupe Caligula the Corpulents Big Blunder of a Bill, which axed tax incentives for electrics and plug-in hybrid electric vehicles (PHEVs). So, Im guessing that more than a few MAGAts are experiencing the benefits
reaping what they sowed.
Johnny2X2X
(23,610 posts)Even gets repeated here on DU on the regular.
It's a technology whose time has come, I don't think Big Oil can stop it now, but Trump nis certainly trying for them. I think these layoffs are GM just responding to a worse economy and blaming it on EVs.
OC375
(340 posts)...few can afford right now, EV or not. Wages haven't kept pace with vehicle (and other) prices for a long time. This is inevitable. The party is coming to a close, and as the Boomer cash dries up, the next generations won't have the lifetime earnings or employment stability to take up the slack. Bright side - fire sales on leased luxury compact SUVs should be coming at some point.
Lovie777
(21,154 posts)not a good sign for the USA the people and the economy.
phxjurist
(55 posts)PSPS
(15,107 posts)Buddyzbuddy
(1,926 posts)because of the Republican efforts to
dis-encentifize EV purchases as a favor to the oil industry, GM has laid off 1200 workers in advance of weakened demand following the Felon's first year in office.
bluestarone
(20,810 posts)While HIS congressional terrorists STAN BACK AND STANDBY!!
Tree Lady
(12,914 posts)Said electric cars still selling well even without the extra credits.
But other new cars not selling because of the economy, selling mostly used cars.
I think GM is just looking to make cuts because overall, business is looking cloudy, and they figure that Trump is going to target EVs somehow, so this is where they're cutting now, but these cuts will be broader in the very near future.
It's not like perspective EV buyers who aren't now interested are going to go by a brand new ICE vehicle now, they're just going to wait.