intention to close two
On the eve of the Los Angeles Motor Show, General Motors announced a large-scale restructuring of its business, during which eight plants would be closed (five of them in North America) and about 15,000 employees were laid off. Tough measures due to the “hazy future” will allow the corporation to save about $ 6 billion.
What, everything is so bad? Not at all, but the corporation is worried about the two main trends of the global automotive industry: electric cars and UAVs – it seems that without them we cannot survive in the next decade, but it is difficult to predict the demand and costs for developing such equipment, because before GM has experience in mass production of electric vehicles and the more drones were not. As for traditional cars, GM plans to bet on what they take, that is, on pickups and crossovers, and put everything else under the knife. In essence, the position is exactly the same as the Ford company is now occupying, the same vector of development adheres to FCA. Continue reading