President Obama is making a formal announcement this hour about his plans for troubled automakers General Motors and Chrysler, which have already been given $17.4 billion to keep them running. The Obama administration gave GM and Chrysler failing grades today for its turnaround efforts and promised a sweeping overhaul of the automakers.
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BING NEWS:
- GM plans to cut 1,000 salaried workers to reduce costs
General Motors Co. will cut about 1,000 salaried workers globally in a move to streamline its operations, according to people familiar with the matter.
11/15/2024 - 10:21 am | View Link - GM plans job cuts to salaried staff; issues recall on turbo-engine trucks and SUVs
General Motors (GM) plans to cut 1,000 salaried positions; issues a recall on 462K diesel engine trucks and SUVs. Read more here.
11/15/2024 - 12:25 am | View Link - GM is cutting its cheapest crossover in January amid a hurried shift to EVs
Cadillac is making swift progress in converting to an all-electric lineup, and now the marque's cheapest gas-powered crossover is leaving sooner than expected.
11/14/2024 - 3:05 pm | View Link - More
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