The Presidential Daily Brief

important

  1. Huge Hummer Recalls From GM

    General Motors Will Lay Off 14,700, Closing up to 5 Factories

    The American multinational could close the plants – including the Lordstown, Ohio plant that makes the Chevrolet Cruze – amid restructuring efforts to cut costs and realign focus toward electric and autonomous vehicles. 8,100 white-collar and 6,000 factory workers will be impacted as well as 2,500 jobs as part of broader restructuring plans. GM’s chief executive said the action was being taken, ”while the company and the economy are strong to keep ahead of changing market conditions.”

     

     

This story is part of The Presidential Daily Brief

view full edition