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

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.”
...


/----/$100,000+ for a pick up truck???? Sounds like a plan.
 
/----/ No one size fits all. There is a place for EVs in the market, but the same can be said for hybrids, gas and diesels.
EVs are great for around town and short commutes. Do you want to drive across the country in an EV, hybrid, or gas?
Snob Value Has No Economic Value

South Park re-named Prius "Pious." Instead of a cloud of smog, it emitted a cloud of smug.
 

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