shockedcanadian
Diamond Member
- Aug 6, 2012
- 31,153
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I am not going to suggest that the Free Market doesn't have to work. I am going to suggest that China is flooding the auto industry. You should see some of the new models they have in China, they look awfully similar to German made vehicles. As soon as Germany entered the U.S market, China started to steal IP and produce similar vehicles. Probably even functionally comparable engines for all we know.
GM cutting some jobs. I suppose the U.S consumer isn't as strong as it once was.
www.foxbusiness.com
CNBC reported on Monday that the layoffs will impact a total of more than 1,000 workers within the automaker’s software and services unit. They are global in nature.
GM said the company "must simplify for speed and excellence, make bold choices, and prioritize the investments that will have the greatest impact" as the company "build GM's future."
GM cutting some jobs. I suppose the U.S consumer isn't as strong as it once was.
![www.foxbusiness.com](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/01/0/0/Mary-Barra-GM-CEO.jpg?ve=1&tl=1)
GM laying off staff in software and services division
GM is laying off employees in its software and services division. The Detroit-based automaker did not specify the total number of workers affected by the move.
CNBC reported on Monday that the layoffs will impact a total of more than 1,000 workers within the automaker’s software and services unit. They are global in nature.
GM said the company "must simplify for speed and excellence, make bold choices, and prioritize the investments that will have the greatest impact" as the company "build