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General Motors is laying off about 1,700 workers across manufacturing sites in Michigan and Ohio, as the auto giant adjusts to slowing demand for electric vehicles.
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General Motors will book a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. General Motors, which had led the way among U.S. automakers with plans to convert production to an electric fleet of vehicles, warned that more hits may be ahead as it adjusts production under a new administration, and non-cash charges may impact operations and cash flow in the future.
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General Motors’s profits drop as tariff costs climb. A potential rule change could affect homeless people who use roadside rest areas. A professor makes the case for why Michigan lawmakers are considering banning cell phones in K-12 schools.
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CEO Mary Barra said in a letter to shareholders on Tuesday that GM is attempting to reduce tariff exposure with $4 billion of new investment in its U.S. assembly plants.
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General Motors plans to shift some production from Mexico to U.S. manufacturing plants as the automaker navigates tariffs that could drive prices higher.
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General Motors said Tuesday it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit.
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Two towers at Detroit’s Renaissance Center would be razed and the complex converted to a mix of housing and offices under an ambitious $1.6 billion plan announced Monday.
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General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile marketGeneral Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.
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Sens. Ron Wyden (D-OR) and Edward Markey (D-MA) wrote to the FTC, accusing GM, Hyundai, and Honda of selling customers’ driving data to brokers that sells it to car insurance providers.
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State funding for economic development is a hot topic. Today, we get details on what companies starting EV battery plants in Michigan have delivered. Also, artist Elizabeth Youngblood talks about getting abstract forms to express an almost spiritual sense of time and change. And podcaster Courtney Andersen on upfront sobriety.