By on October 31, 2018

Wednesday morning, General Motors announced third-quarter 2018 earnings “reflecting profitability in all core operating segments.” Operating profits were at $2.5 billion, with North American profit margins hovering around 10.2 percent thanks to healthy truck sales. All in all, things were looking pretty good.

Then GM announced a plan to extend buyouts to salaried employees in the region with 12 or more years experience in order to cut costs. Roughly 18,000 salaried employees are said to be eligible for voluntary severance packages. The reason? General Motors says it wants to do this while the company is still healthy, which sounds like a pretty strong hint that bad times are ahead.  (Read More…)

By on June 17, 2014

Opel - Picture courtesy ibtimes.com

General Motors subsidiary Opel has come to terms on a severance package for workers at its Bochum factory, set to close this year as part of the company’s restructuring plan.

(Read More…)

Recent Comments

  • carcomment: So non experts on the TTAC staff write editorials pro and con on a matter that doesnt effect then typing...
  • Buickman: manufactured crisis, same as the rona.
  • Lou_BC: Martian?
  • theflyersfan: @DenverMike – I “credit” the 1999 redesign of the Ford Super Duty that started this...
  • DenverMike: You can say that again. But (new) pickups don’t have to look good. Or ugly is OK. It still looks...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber