GM lays off another 1,000 amid ‘anticipation of a further slowdown or even a recession’

[excalibur]

IMHO, we are already in a recession.

Of course, they will try to hold off saying this until Trump has been sworn in, and then, being the total frauds they are, try and blame it on 47. It won't work, they have lost the messaging, only they still don't know it.

General Motors is laying off another 1,000 workers, mostly at its Global Tech Center in Warren, offering the latest “unmistakable sign the auto industry is slowing.”

Patrick Anderson, CEO of Anderson Economic Group in East Lansing, told Bridge Michigan it’s also obvious “that consumers are expressing some reluctance about buying the higher-priced cars, notably electric cars.”

Anderson added: “Manufacturers are cutting back on their costs in anticipation of a further slowdown or even a recession.”

...

The Friday layoffs follow about three months after the carmaker let 1,000 employees go in August, including 600 at the Tech Center, as The Big Three have delayed vehicle launches, shut down factories and cut back on staff.

In late October, Ford idled its Rouge Electric Vehicle Center in Dearborn through Jan. 6, putting about 800 out of work amid what CEO Jim Farley described as a “slow uptake of EVs.”

...​

One moment, please...

 

[sparky]

EV's didn't sell.......~S~

 

[Concerned American]

IMHO, we are already in a recession.

Of course, they will try to hold off saying this until Trump has been sworn in, and then, being the total frauds they are, try and blame it on 47. It won't work, they have lost the messaging, only they still don't know it.

​

General Motors is laying off another 1,000 workers, mostly at its Global Tech Center in Warren, offering the latest “unmistakable sign the auto industry is slowing.”​

​

Patrick Anderson, CEO of Anderson Economic Group in East Lansing, told Bridge Michigan it’s also obvious “that consumers are expressing some reluctance about buying the higher-priced cars, notably electric cars.”​

​

Anderson added: “Manufacturers are cutting back on their costs in anticipation of a further slowdown or even a recession.”​

​

...​

​

The Friday layoffs follow about three months after the carmaker let 1,000 employees go in August, including 600 at the Tech Center, as The Big Three have delayed vehicle launches, shut down factories and cut back on staff.​

​

In late October, Ford idled its Rouge Electric Vehicle Center in Dearborn through Jan. 6, putting about 800 out of work amid what CEO Jim Farley described as a “slow uptake of EVs.”​

​

...​

https://www.themidwesterner.news/20...on-of-a-further-slowdown-or-even-a-recession/

Boeing is in the midst of significant layoffs as well. The democrats will try to blame that on Trump as well instead of the misguided strike that resulted in exorbitant wage increases for the rank and file. I wonder how Christmas is going to be for those Boeing workers with no income. SMH, have American's lost their collective minds?

 

[SassyIrishLass]

GM...and Ford sunk billions into EVs.

Turns out it wasn't a great idea

 

[cnm]

IMHO, we are already in a recession.

That was a quick reaction to Trump's re-election.

 

[luiza]

IMHO, we are already in a recession.

Have been for few months .

See Ed Dowd's analysis of economic data and the unbelievable Fakery used to produce issued figures .

The Stock Market has no idea what is round the corner and prospects range from poor to dire .
Clearly a malicious pre-determined Lefty plot which Trumples should be pre-empting by repeating the truth ad infinitum now so that Sheeple know what has actually happened

 

[initforme]

Boeing is in the midst of significant layoffs as well. The democrats will try to blame that on Trump as well instead of the misguided strike that resulted in exorbitant wage increases for the rank and file. I wonder how Christmas is going to be for those Boeing workers with no income. SMH, have American's lost their collective minds?

Those workers wages were woeful. They finally got a decent, not even good, wage. Rank in file laborers are the ONE facet that makes a corporation its wealth. Its not the lazies near the top.

 

[1srelluc]

WASHINGTON (AP) — Biden administration officials are working against the clock doling out billions in grants and taking other steps to try to preserve at least some of the outgoing president's legacy before President-elect Donald Trump takes office in January.

MSN

FJB is moving to make sure grift money gets back into DNC coffers.....Between that and the bone-headed 50 basis point cut by the Fed prior to the election I fully expect a recession in Trump's term.

The Fed heated up the economy with the cut and will now likely stop cuts.

 

[Cellblock2429]

IMHO, we are already in a recession.

Of course, they will try to hold off saying this until Trump has been sworn in, and then, being the total frauds they are, try and blame it on 47. It won't work, they have lost the messaging, only they still don't know it.

​

General Motors is laying off another 1,000 workers, mostly at its Global Tech Center in Warren, offering the latest “unmistakable sign the auto industry is slowing.”​

​

Patrick Anderson, CEO of Anderson Economic Group in East Lansing, told Bridge Michigan it’s also obvious “that consumers are expressing some reluctance about buying the higher-priced cars, notably electric cars.”​

​

Anderson added: “Manufacturers are cutting back on their costs in anticipation of a further slowdown or even a recession.”​

​

...​

​

The Friday layoffs follow about three months after the carmaker let 1,000 employees go in August, including 600 at the Tech Center, as The Big Three have delayed vehicle launches, shut down factories and cut back on staff.​

​

In late October, Ford idled its Rouge Electric Vehicle Center in Dearborn through Jan. 6, putting about 800 out of work amid what CEO Jim Farley described as a “slow uptake of EVs.”​

​

...​

One moment, please...

/----/ Let's crank up the list price of a $30k pick up truck to $100,000. What could possibly go wrong?

 

[Moonglow]

IMHO, we are already in a recession.

Of course, they will try to hold off saying this until Trump has been sworn in, and then, being the total frauds they are, try and blame it on 47. It won't work, they have lost the messaging, only they still don't know it.

​

General Motors is laying off another 1,000 workers, mostly at its Global Tech Center in Warren, offering the latest “unmistakable sign the auto industry is slowing.”​

​

Patrick Anderson, CEO of Anderson Economic Group in East Lansing, told Bridge Michigan it’s also obvious “that consumers are expressing some reluctance about buying the higher-priced cars, notably electric cars.”​

​

Anderson added: “Manufacturers are cutting back on their costs in anticipation of a further slowdown or even a recession.”​

​

...​

​

The Friday layoffs follow about three months after the carmaker let 1,000 employees go in August, including 600 at the Tech Center, as The Big Three have delayed vehicle launches, shut down factories and cut back on staff.​

​

In late October, Ford idled its Rouge Electric Vehicle Center in Dearborn through Jan. 6, putting about 800 out of work amid what CEO Jim Farley described as a “slow uptake of EVs.”​

​

...​

One moment, please...

There is no way Trump's next recession will be better than the one in 2020.

 

[Cellblock2429]

There is no way Trump's next recession will be better than the one in 2020.

/---/ Is the DNC planning to release a new China Flu in 2025?

 

[Moonglow]

/---/ Is the DNC planning to release a new China Flu in 2025?

Probably not it is the GOP's turn.

 

[JohnDB]

Bureau of Government Statistics Chief is likely going to get fired....not just laid off...fired and made a public example for being partisan with the truth.

And he needs to be in order to restore integrity and confidence.


There is not one Market Trader that believes any of the numbers coming out of DC anymore. It's in every stock trading video in one way or another. Our Government is intentionally lying just like those political polls showed Kamala winning the election quite handily.

We don't believe the FDA, USDA, our GDP growth, crop reports or any government published reports anymore. Literally none of them.

When the local weatherman is more accurate in predicting the weather than the statistics coming out of DC about months past....that's a major problem.

 

[initforme]

WASHINGTON (AP) — Biden administration officials are working against the clock doling out billions in grants and taking other steps to try to preserve at least some of the outgoing president's legacy before President-elect Donald Trump takes office in January.

MSN

FJB is moving to make sure grift money gets back into DNC coffers.....Between that and the bone-headed 50 basis point cut by the Fed prior to the election I fully expect a recession in Trump's term.

The Fed heated up the economy with the cut and will now likely stop cuts.

There needn't be a recession. Take steps to avoid it. Whoever is in office during a recession owns a good share of it.

 

[Concerned American]

There needn't be a recession. Take steps to avoid it. Whoever is in office during a recession owns a good share of it.

We've been in recession for much of the Biden admin. (2 successive quarters of negative GDP).

 

[initforme]

We've been in recession for much of the Biden admin. (2 successive quarters of negative GDP).

Agreed. And if it continues into next fall then yep the current pitus owns a good share of it. Want the top job then fix it quickly.

 

[Marener]

We've been in recession for much of the Biden admin. (2 successive quarters of negative GDP).

There’s only been one quarter of negative growth under Biden.

https://www.bea.gov/sites/default/files/2024-10/gdp3q24-adv.pdf

 

[Zincwarrior]

IMHO, we are already in a recession.

Of course, they will try to hold off saying this until Trump has been sworn in, and then, being the total frauds they are, try and blame it on 47. It won't work, they have lost the messaging, only they still don't know it.

​

General Motors is laying off another 1,000 workers, mostly at its Global Tech Center in Warren, offering the latest “unmistakable sign the auto industry is slowing.”​

​

Patrick Anderson, CEO of Anderson Economic Group in East Lansing, told Bridge Michigan it’s also obvious “that consumers are expressing some reluctance about buying the higher-priced cars, notably electric cars.”​

​

Anderson added: “Manufacturers are cutting back on their costs in anticipation of a further slowdown or even a recession.”​

​

...​

​

The Friday layoffs follow about three months after the carmaker let 1,000 employees go in August, including 600 at the Tech Center, as The Big Three have delayed vehicle launches, shut down factories and cut back on staff.​

​

In late October, Ford idled its Rouge Electric Vehicle Center in Dearborn through Jan. 6, putting about 800 out of work amid what CEO Jim Farley described as a “slow uptake of EVs.”​

​

...​

One moment, please...

Thanks Trump

 

[The Sage of Main Street]

EV's didn't sell.......~S~

Tin Cans Being Canned

Ecobuggies aren't muscle cars. Americans are back into flexing their muscles.

 

[sparky]

Americans are back into flexing their muscles.

take me back Sage, i wanna go.......~S~