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GM lays off over 1,700 workers indefinitely as EV demand slows

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4 hours ago

General Motors (GM) said Wednesday it is laying off 1,750 workers indefinitely in the coming months and temporarily cutting 1,670 others as it scales back electric vehicle production. The Detroit-based automaker said it is scaling back production plans and realigning electric vehicle capacity at Factory Zero, its flagship electric vehicle assembly plant in Michigan, in response to the slower near-term electic vehicle adoption and an evolving regulatory environment. In a regulatory filing from earlier this month, the automaker indicated it would incur a $1.6 billion loss for the third quarter o...

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4 hours ago
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