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General Motors names long-time insider Mark Reuss as its president

Friday, January 4, 2019, 7:40 AM

General Motors named long-time insider Mark Reuss as its president, effective immediately. Reuss formerly led GM's global product group and Cadillac. His duties will now include overseeing GM's quality organization. GM reported fourth-quarter sales on Thursday that fell more than 2 percent over the the same period last year. Shares of GM were down more than 1 percent in premarket trading.
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GM likely to fire 15,000 employees: Faces criticism from Trump

Tuesday, November 27, 2018, 7:45 PM

General Motors Co said it will cut production of slow-selling models and slash its North American workforce because of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles. GM's actions add-up to the biggest restructuring for the U.S. No. 1 carmaker since its bankruptcy a decade ago, and mark a turning point for the North American auto industry.
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GM to halt production at several plants, cut more than 14,000 jobs

Tuesday, November 27, 2018, 7:44 AM

General Motors said Monday it plans to effectively halt production at a number of plants in the U.S. and Canada next year and cut more than 14,000 jobs in a massive restructuring that will cost up to $3.8 billion. In response, the United Auto Workers vowed to use "every legal, contractual and collective bargaining avenue" to fight the changes.

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