GM Cuts Workforce, Shuts Plants as it Hits Pedal on Heavy-Duty and Self-Driving Cars

SUGAR LAND--November 27, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--General Motors (NYSE:GM) (GM) (Detroit, Michigan) is ending production at five facilities in the U.S. and Canada, and reducing its salaried workforce by 15%, in what the company says is a grand effort to adapt to--and influence--the rapidly changing automotive industry. Industrial Info is tracking nearly $6.7 billion in active General Motors projects worldwide, including nearly $5.6 billion in the U.S. and Canada.

Within this article: Details on the five U.S. and Canadian plants set to close next year, as well as GM's active projects to boost its role in plants that are developing vehicles the company expects will dominate the automotive market in coming years, such as SUVs, trucks, electric cars and even self-driving cars.

Other companies featured: Uber, Tesla Motors Incorporated (NASDAQ:TSLA), Alphabet Incorporated (NASDAQ:GOOGL) and Apple Incorporated (NASDAQ:AAPL).