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2018-11-27 Economy
General Motors says cutting 15 percent of workforce to save $6 bln
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Posted by Fred 2018-11-27 00:00|| E-Mail|| Front Page|| [10798 views ]  Top

#1 Uh hu, Meanwhile foreign auto manufacturers are moving more production to the US . They especially like to set up in non-union controlled states.
Posted by Snavimble Bucket1794 2018-11-27 01:09||   2018-11-27 01:09|| Front Page Top

#2 Note to upstart GM marketing team:

No, those cars you see virtually everywhere today, they're not extended sedans or station wagons. They're called 'crossovers.'
Posted by Besoeker 2018-11-27 01:36||   2018-11-27 01:36|| Front Page Top

#3 I get the feeling that GM is up to something. Shedding union workers?
Posted by gorb 2018-11-27 02:14||   2018-11-27 02:14|| Front Page Top

#4 Breitbart - Watch: Six Years Ago Obama Promised to Buy a Chevy Volt. Now It Is Dead

Posted by Besoeker 2018-11-27 02:20||   2018-11-27 02:20|| Front Page Top

#5 New data from Mexico's auto industry show the country exported 2.33 million vehicles to the U.S in 2017, an increase of 9.4 percent. In addition, 75 percent of the vehicles exported from Mexico wound up being sold in the U.S., far outpacing the next most popular destination, Canada, which received just more than 8 percent of the vehicles shipped out of Mexico.

GM's exports from Mexican plants popped 26.3 percent from January through November 2017, according to the Mexican Automotive Association.

So much for USMCA
Posted by Thumper Hupineque1276 2018-11-27 02:40||   2018-11-27 02:40|| Front Page Top

#6 Ford's already said that they're getting out of sedans, and the motor press screamed that they were crazy to try.
Evidenty the handwriting on the wall is big enough that more than one person can read it.
Posted by ed in texas 2018-11-27 07:16||   2018-11-27 07:16|| Front Page Top

#7 Well they know another bailout isn't in the offing.
Posted by Mullah Richard 2018-11-27 08:28||   2018-11-27 08:28|| Front Page Top

#8 We should probably forcibly shutter a few hundred dealerships in deep blue enclaves to help them recover.
Posted by George Phuque2801 2018-11-27 15:42||   2018-11-27 15:42|| Front Page Top

#9 Watching a business realign its future using forecast outcomes is interesting.

Assumptions, though, can be tricky things.

Posted by Anomalous Sources 2018-11-27 20:37||   2018-11-27 20:37|| Front Page Top

22:55 flash91
22:20 trailing wife
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21:56 Thumper Hupineque1276
21:54 Silentbrick
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21:41 Anomalous Sources
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21:36 newc
21:34 Anomalous Sources
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