General Motors Company (NYSE:GM) made a major announcement yesterday regarding the future of its automotive business. GM states that the latest company update will “accelerate” the company’s transformation. Sounds great, right?
Not necessarily. The Detriot, Michigan-based automotive company will be shutting down five manufacturing plants in North America in 2019. Thousands of employees in both the US and Canada will be unemployed as a result.
General Motors Restructuring“The actions we are taking today continue our transformation to be highly agile, resilient and profitable, while giving us the flexibility to invest in the future,” ...
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