GM Announces it is Laying Off 15% of its Workforce

General Motors has announced significant layoffs – 15% of its workforce – in a bid to restructure the company. “Today, GM is continuing to take proactive steps to improve overall business performance including the reorganization of its global product development staffs, the realignment of its manufacturing capacity and a reduction of salaried workforce,” a statement […]

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Ford to Eliminate All but Two Car Models by 2020

Ford Motor Co. has announced this week that it will eliminate all but two car models from North American dealerships by 2020. “For example, by 2020, almost 90 percent of the Ford portfolio in North America will be trucks, utilities and commercial vehicles. Given declining consumer demand and product profitability, the company will not invest […]

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