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Rumors that General Motors is preparing for mbad redundancies because of its turbulent financial situation have been confirmed by a corrective plan submitted by Mary Bare's managing director. Next year, production will be discontinued at Hammurk in Detroit, at Lordston in Ohio, at Baltimore and at Warren and Oshawa in the Canadian province of Ontario.
Mary Barra
General Motors discusses with "changing customer preferences in the US" and "declining car sales". All sedans designed for closing are badembled with sedans such as Buick LaCrosse, Cadillac CT6, Chevrolet Impala and Chevrolet Cruze. The Chevrolet Volt Electric, produced in the Detroit plant, is the only exception.
In addition to five plants located in the United States and Canada, GM will also close two outside North America. They will join the Gunshan plant in South Korea, whose closure was announced earlier this year.
GM management is also preparing a significant 15% pay cut and 25% administrative staff. The measures are expected to generate savings of $ 6 billion (5.3 billion euros) by the end of 2020, of which 4.5 billion (3.98 billion euros) will be saved thanks to cost savings and 1.5 billion (1.32 billion euros) – lower investment costs.
The funds saved will be redirected towards development focused on the development of electric vehicles and autonomous management systems, optimizing the range through component sharing. The goal is that at the beginning of the next decade, 75% of the Group's revenue comes from just 5 car platforms.
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