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…)

Recent Comments

  • EBFlex: There is no right spec of the Escape pickup. Much like Ford’s awful EVs, there are way too many...
  • slavuta: This BLOB has style? hahaha
  • EBFlex: “Pipe or lumber is the only reason for that silly porthole window. Too bad the whole window doesn’t go...
  • Mackie: They seem to swing from over styled to bland. Never once landing in a cohesive place. Outsized taillights...
  • rw33: Looks clean and conservative…huge improvement over the boyracer wannabe look and oversized fake vents....

New Car Research

Get a Free Dealer Quote

Who We Are

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