Monday , June 14 2021

The GM will cut production and employment in North America



(Donald Trump's reaction updates)

Paul Lienert, David Shepardson and Joseph White

DETROIT / WASHINGTON, November 26 (Reuters) – General Motors
(GM) will cut around 8,000 jobs in North America
It's about to go north and sell cars
less to adapt to continuous explosives
the automotive sector, turning back the sedan
and invest in large vehicles
electric and autonomous.

First announced by the first builder
American cars are the most important
Reconstruction in North America is 10 for bankruptcy
years old

Investors greeted. GM takes action
5.75% around 20:00 GMT around Wall Street, which earned 1.55%
S & P-500.

It will become $ 3.8 million
million (2.65 3.35 million euros), but it is needed
then, at the end of 2020, an increase of $ 6 million
Cash flow is available, said the manufacturer
Detroit.

"Unlike previous periods (…) GM is trying
Crisis saving possible face to face
Now, "said Michelle Krebs, analyst at Autotrader.

The American team plans to stop it next year
Production of three plants in Canada (Oshawa) and
United States (Ohio and Michigan). It will remain
Many models that have been assembled today
Sites like Chevrolet Cruze, Cadillac CT6 and Buick
Lacrosse Cruise compact will not be marketed
United States in 2019

Baltimore (Maryland) and Warren (Michigan) Mills,
They are the components of the transmitter components
threats too Two other factories outside of North America
He will also close, said the team without further details.

"We are adapting to our abilities
market realities, "said Mary's CEO
In addition, by adding the measures taken as a result of these measures
It changes jobs in the automotive sector.

To duplicate GM vehicle resources
electrician and driver in the next two
years old

FABRICS DO NOT HAVE ANY BUDGETS

Although Donald Trump stands out
United States manufacturers, General Motors said
Steel prices this year
The US president mentioned a million dollars. du
Builder's CEO stated the costs
Customs taxes were in "winds".
against "GM faces.

Donald Trump said that he explained Maria Barra
The fluoride with a closed plant that has announced its past
Ohio and Michigan General Motors. "You'll be better
come back quickly, "he said, according to him
own maintenance record.

United Auto Workers (UAW), the first union of the sector
In the United States, he ordered to face this plan,
Detroit Mayor Mike Duggan said it was "disturbing."

In Canada, UNIFOR unites the "
he would fight hard "to take care of his works
Oshawa wounded his job.

Justin Trudeau said the Canadian Prime Minister
The result of a conversation with Mary Bar "deep."

The works have been eliminated, among engineers and administrators,
15% of manufacturer's employees in the region.

Mary Barra said the press was a builder
as well as reducing 1.5 investments
spent one million dollars a year
because it connects electrical, autonomous and electric vehicles
He invested in many newly-endowed generations
trucks and SUVs.

At the beginning of 2020, about three quarters
General Motors' sales globalization will be considered
Only five vehicle architecture.

In the United States, the automobile market has dropped
Many factories work in a single group.
This is primarily Hamtramck (Michigan) and Lordstown
(Ohio). An automobile factory under 80 is an operation
Its abilities are usually considered non-existent.

According to Mary Bar, GM uses about 70% of her abilities
North America and builders want to improve this ratio.

"We're sure we're well positioned
to fight against competition not only during
years, but beyond, "he said.

His American competitors, Ford and Fiat Chrysler
Both cars have dropped
US production, or its intention to announce
do it
(Claude Chendjou at the service of France, Bertrand said
Boucey)


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