It was a painful year for General Motors. In November, CEO Mary Barra announced the Detroit carmaker would lay off 14,000 employees and halt production at five plants in the U.S. and Canada. The closure of its Lordstown Chevrolet plant drew particular ire from Ohio politicians on both sides of the aisle—and impassioned tweets from President Donald Trump—to no avail. Sliding sales in GM’s two largest markets, the U.S. and China, had company executives preparing for a greater downturn. Despite the strong performance of its SUV lines in the U.S., overall unit sales fell 1.6% in 2018.
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News about General Motors
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