GM Cuts 1,000 More Jobs as EV Push Continues

General Motors has cut 1,000 jobs, according to a person familiar with the reductions, marking the latest effort by the automaker to trim costs as it ramps up sales in unprofitable electric vehicles.

Business - The Wall Street Journal - 5 hours ago

GM lays off 1,000 employees amid reorganization, cost-cutting

The layoffs, which were announced Friday morning via email to those impacted, were across the business.

Business - CNBC - 5 hours ago

GM lays off 1,000 employees amid reorganization and cost-cutting

General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the ...

Europe's Auto Woes Continue as Michelin, Schaeffler Plan Job Cuts

Michelin and Schaeffler said they plan to close factories and cut thousands of jobs in Europe as car-part suppliers reel from weakness in the automotive sector.

Business - The Wall Street Journal - November 5

Aces restructuring front office, cut ties with GM

The Aces will not renew the contract of general manager Natalie Williams as part of a restructuring of their front office, the team announced.

Sports - ESPN - October 26

Why GM’s Mary Barra Still Believes in EVs, Despite Slow Sales

Mary Barra, G.M.’s chief executive, said that the company had fixed battery-manufacturing problems and that its electric vehicles would soon be profitable.

Business - The New York Times - October 17

GM's newest EV is a Cadillac 'baby Escalade' called Vistiq

General Motors' newest all-electric vehicle and the last of a lineup of new EVs announced for its Cadillac luxury brand is a three-row SUV called Vistiq.

Business - CNBC - 3 days ago

Experience: We’ve visited more than 1,000 crazy golf courses

Once, we got stuck on a cliff face in a storm while trekking up a headland in Wales to play the course at the top. Our obsession with crazy golf started after we played a friendly round with ...

World - The Guardian - October 18

GM Meetings have begun. Here's the latest on Juan Soto and more

MLB's GM Meetings kicked off the hot stove season this week in San Antonio, and there are plenty of big names on the market.

Sports - Yahoo Sports - November 7

STMicroelectronics Cuts Outlook Again on Continued Weak Demand

STMicroelectronics slashed its annual guidance for the third time this year after posting a slump in net profit and sales, as demand for chips in cars and industrial equipment remained weak.

Business - The Wall Street Journal - October 31

US approves lithium project in push to break China’s grip on EV minerals

Biden administration issues rare mine approval for Ioneer site in Nevada and extends tax breaks to companies

Business - Financial Times - October 24

Intesa Sanpaolo unveils plans to cut 9,000 jobs

Italy’s largest bank wants to reduce costs by accelerating its digital transformation

Business - Financial Times - October 23

Queen's University to cut jobs as it faces £11m deficit

The university told BBC News NI it is planning to cut the jobs through a voluntary redundancy scheme.

Southwest Offers Buyouts and Blames Boeing for Job Cuts

The embattled carrier will lay off airport workers in several locations as it cuts flights due to a shortage for Boeing 737 aircraft.

Business - Inc. - 3 days ago

Job cuts 'inevitable' over £30m university deficit

Dundee University has told staff it faces "an extremely challenging period" for the higher education sector.

Granholm warns that cutting EV tax credits would be ‘ceding’ to China

Energy Secretary Jennifer Granholm warned Friday that President-elect Trump’s reported plans to cut consumer subsidies for electric vehicles (EVs) would benefit China. “You eliminate these credits, ...

Politics - The Hill - 1 hour ago

Harris, Trump campaigns continue push in swing states on Saturday

The Harris and Trump campaigns are making their way through the battleground states with just three days to go until Election Day. Harris events: Vice President Harris is set to campaign in Atlanta ...

Politics - The Hill - November 2

White House says Biden will continue push for Ukraine aid, cease-fire

White House national security adviser Jake Sullivan said President Biden will continue to push Congress for aid for Ukraine and for a cease-fire in its ongoing war with Russia. “Our approach ...

Politics - The Hill - 5 days ago

More than 1,000 mariachis belt out classics like 'Cielito Lindo' in a Mexico City plaza

More than a 1,000 mariachis have gathered in Mexico City’s main plaza, strumming guitars and singing classics like “Cielito Lindo” to end a mariachi congress celebrating the musical form

World - ABC News - 4 days ago

More than 1,000 mariachis belt out classics like 'Cielito Lindo' in a Mexico City plaza

More than a 1,000 mariachis have gathered in Mexico City’s main plaza, strumming guitars and singing classics like “Cielito Lindo” to end a mariachi congress celebrating the musical form

Entertainment - ABC News - 4 days ago

VW executives defend deep cuts: 'We cannot continue as before'

World - Yahoo News - October 28

Why you should open a CD even as the Fed continues to cut rates

An additional Federal Reserve rate cut is expected to be issued this week. Here's why you should open a CD anyway.

Boeing competitor Airbus to cut up to 2,500 jobs in space, defense sector

Boeing competitor Airbus on Wednesday announced it would take steps to cut 2,500 jobs in the company’s defense and space division through the middle of 2026. Airbus said the job cuts would result ...

Politics - The Hill - October 17

PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz

PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.

Business - The Wall Street Journal - October 17

Volkswagen plans to close at least 3 German plants and cut thousands of jobs

Europe’s largest carmaker tells works council it would slash pay by 10%

Business - Financial Times - October 28

Nissan cuts 9,000 jobs and halves CEO’s pay as it sinks to a loss

Carmaker to slash global production capacity by a fifth in emergency turnaround plan

World - Financial Times - November 7

Nissan Cuts 9,000 Jobs and Slashes C.E.O.’s Pay in Half

The Japanese automaker is carving deep cuts in its global operations as it struggles with a steep drop in sales.

Business - The New York Times - November 7

Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell

Nissan is reporting a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned

World - ABC News - November 7

Stellantis Plans to Cut 1,100 Jobs at U.S. Jeep Plant

Jeep maker Stellantis said it is cutting 1,100 jobs at a U.S. factory as it seeks to reduce high inventory levels that have weighed on its performance.

Business - The Wall Street Journal - November 7