Business

GM laying off hundreds of workers to cut costs

General Motors is making efforts to streamline operations and reduce expenses. A person briefed on the situation told Reuters on Tuesday that the plan will result in the elimination of hundreds of salaried executive-level positions. The individual stated that global reductions are in the “low hundreds.” In a letter to employees, GM Chief People Officer […]

Business

Five projects will serve as the foundation for the new Renault-Nissan alliance

Strong profits for 2022 are anticipated from General Motors and Ford next week, fueled by high-end pickup trucks and SUVs. Now that costs for EV batteries are rising, high interest rates are reducing consumer purchasing power, and Tesla is slashing prices, the Detroit rivals must demonstrate to investors that the profit formula from last year […]