General Motors T4 2018 earnings



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Mary Barra's tough recovery plan at General Motors has already begun to bear fruit.

as part of a plan to cut 14,000 jo
bs of its workforce. The automaker said the cuts would save about $ 6 billion by 2020, but union leaders and state politicians affected by the cuts have screamed at the scandal. GM began firing more than 4,000 white-collar workers Monday as part of its restructuring.

The cuts are part of a plan to reduce the production of lower-performing traditional sedans and pbadenger cars, while GM doubles on more profitable and better-priced trucks, SUVs and crossovers. At the Chicago Auto Show later this week, GM plans to give the public a first look at the new heavy-duty pickup truck it unveiled Tuesday at its Flint, Michigan facility. dominate the growing market.

Meanwhile, GM said Tuesday it would hire 1,000 workers to build new heavy-duty trucks at its Flint, Michigan plant, and give priority to GM workers who were fired elsewhere.

The automaker said it was trying to create new jobs for 1,500 US workers during working hours in the affected mills. Flint could be a refuge for many of these employees.

Truck van sales in the United States increased by more than 600,000 vehicles a year, up more than 20% from 2013, according to industry data. Prices for luxury models can easily exceed $ 70,000.

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