Automaker General Motors (GM) is reportedly terminating jobs for 1,000 workers as part of the company’s cost-cutting and reorganization efforts.
GM notified the affected employees on Friday, with around half of them previously holding positions at the automaker’s global technical center in Warren, Michigan.
The company...
German carmaker Volkswagen is weighing a dramatic move in attempts to improve its finances and cut costs. The company announced on Monday that it will consider closing at least one factory in its native country.
According to Volkswagen’s statement, this would be crucial in restructuring...
Automaker General Motors (GM) will slash its workforce by more than 1,000 employees, according to multiple reports. The job cuts will primarily be focused on the company’s Software and Services division.
The layoffs are reportedly not part of the company’s cost-cutting strategy. Instead, the decision...
Automotive giant Stellantis, which owns brands like Alfa Romeo, Chrysler, and Jeep, is ready to make some tough decisions in order to turn right the ship after a disappointing first half of 2024. This might include axing some of the company’s money-losing brands, according...
Electric vehicle maker Tesla is investment bank Morgan Stanley’s new “top pick” in the U.S. automotive industry. The position was previously held by Ford.
According to Morgan Stanley’s analysts, Tesla has a huge upside thanks to its energy business, which is projected to become more...
Back in March, Japanese automakers Honda and Nissan announced a strategic partnership in an effort to be more competitive in the market. Now, Mitsubishi Motors, in which Nissan has a 34% stake, is also joining the alliance, according to a recent report by the...
