General Motors Stock News

Time is running out for traditional foreign automakers to adapt to China's electric car market, signaling to industry analysts that companies must double down on local partnerships to survive. U.S. automaker General Motors, Germany's Volkswagen and Japan's Nissan each saw their China revenue drop between 2019 and 2023, according to CNBC's calculations of company data.

General Motors Company (NYSE:GM ) Barclays 15th Annual Global Automotive and Mobility Tech Conference November 20, 2024 8:40 AM ET Company Participants Paul Jacobson - Executive VP & CFO Conference Call Participants Dan Levy - Barclays Bank Dan Levy Great. Thank you.

Prediction: General Motors Will Beat the Market. Here's Why

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24/7 Wall St. Insights In an era of pricy labor contracts, slumping electric vehicle sales, and artificial intelligence, do the layoffs of a few white-collar employees at General Motors Co.

GM and other automakers have been navigating an uncertain transition to electric vehicles both in the US and worldwide.

General Motors (GM) laid off approximately 1,000 employees on Friday as part of a broader effort to reduce costs and realign its priorities in response to shifting market conditions, according to a CNBC report. The layoffs, communicated to affected employees Friday morning, were spread across various departments.

General Motors is laying off nearly 1,000 workers in the U.S. as part of a cost-cutting bid, just three months after cutting 1,000 software jobs.