GM to Cut 1,100 Jobs at SUV Plant in Michigan
The automaker has announced about 4,400 layoffs since November as it reduces production and employment due to lower U.S. sales.
GM Sells European Car Operations for $1.3B
"This represents another major step in the ongoing work that is driving our improved performance and accelerating our momentum,” GM CEO Mary Barra says.
GM’s Q1 Profit Beats Expectations
Strong sales growth in the United States and China helped GM gain market share and report a 47% increase in profit.
My Car, My Data?
There is a deep ambivalence prevailing in the auto industry regarding ownership of the data generated by the connected car.
Auto Industry Boosts Manufacturing Output
Industrial production was up 0.6% in July but the manufacturing sector as a whole rose only 0.1%.
Johnson Controls Mulling Auto Parts Spinoff
Breakup of industrial parts maker would continue trend toward leanness in corporate America.