Tagged: gm

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GM Auto Sales Crash, Dealer Inventory Near All Time High

Abysmal sales aside, however, the company remains quite optimistic: “Under the current economic conditions, we anticipate the second half of 2017 will be much stronger than the first half,” Mustafa Mohatarem, GM chief economist says. Good...

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GM announces more layoffs

The automaker will eliminate one of two shifts at its Warren, Michigan plant, which makes transmissions. The company won’t say how many jobs will be affected, but the cuts could eliminate about half of...

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GM says Venezuela has seized its car plant

CBC News reports: General Motors said on Wednesday that Venezuelan authorities had illegally seized its plant in the industrial hub of Valencia and vowed to “take all legal actions” to defend its rights. The...