At the factories, 3,000 workers could lose jobs in Canada and another 3,600 in the U.S.
More than 16 months ago, the UAW confirmed that it was discussing with GM the potential threat to plants and jobs from slumping USA sedan sales.
Fiat Chrysler Automobiles got out of small and midsize cars two years ago, while Ford announced plans to shed all cars but the Mustang sports auto in the United States in the coming years. In Ontario, it plans to halt production of the Chevrolet Impala and Cadillac XTS by the final quarter of 2019.
The US$6-billion in savings includes cost reductions of US$4.5 billion and lower capital expenditure annually of nearly US$1.5 billion, GM said.
Barra did not link Monday's cuts to tariff pressures, but said trade costs are among the "headwinds" GM has to face as it deals with broader technology change and market shifts. As many as 10,000 jobs are tied to companies that supply parts for the plant, said Flavio Volpe, head of the Automotive Parts Manufacturers Association.
Closing the aforementioned plants is not all, though. Consultancy LMC estimates that Lordstown will operate at just 31 percent of production capacity in 2018.
Trump has not yet responded to the announcement, but he encouraged a boycott of Harley-Davidson after the motorcycle company said it was moving some production overseas because of the tariffs.
"No, I don't think these violate the 2009 agreement, in part because we always made clear that GM should be free to run its business in the ordinary course", Rattner said. "I said 'Well, then get a auto that is selling well and put it back in.' So I think you're going to see something else happen there". GM expects to spend $1 billion on Cruise this year to build the next generation of cars. Ford (F) announced in April it would just about end all production of sedans in North America.
An industry-wide slowdown in passenger auto sales started to pick up steam in 2017.
USA consumers have swiftly shifted away from passenger cars to larger, more comfortable SUVs and pickup trucks, leaving automakers scrambling to readjust.
Electronics tend to take the spotlight on Cyber Monday , said Sarah Hollenbeck, a shopping and retail expert at BlackFriday.com. If you buy a new model of iPhone through Walmart for the normal price, you'll receive a $300 Walmart gift card.
Apple fell 4.7 percent to $177.10 and is down 24.2 percent from the peak it reached October 3, though it's still up for the year. In Asia, Japan's benchmark Nikkei 225 dropped 0.4 per cent and the Kospi in South Korea was down 0.3 per cent.
The RBI has contended that this attempt by the government to dip into its reserves can adversely impact macro-economic stability. However, the board chose to retain the capital adequacy ratio or CRAR at 9% against 8% prescribed by Basel III norms.
Is he ready to play three in a row in the same week? "The situation is that we have five central defenders", said Mourinho. He was also seen arguing with Mourinho in training following a social media post during a match he was in the stands for.
May signalled that she reaffirmed her position in a phone conversation late Wednesday with Spanish Prime Minister Pedro Sanchez. She said the alternative to the agreement was either "more uncertainty, more division or it could risk no Brexit at all".
"The ability to predict what is going to happen on each ball is what keeps them one step ahead of the batsman most of the times". South Africa did it for a while and other than these two, in the last five-six years, you tell me which team has travelled well.
According to the report, the USA government is now requesting from its allies that they stop using Huawei products as well. Government Communications Act, which would ban government agencies from using equipment from ZTE and Huawei.
Alisson will be expecting to feature for the Reds when they return to Premier League action on Saturday with a trip to Watford . Alexander-Arnold scored a brilliant free-kick with Mohamed Salah and Roberto Firmino also on target against the Hornets.
You do a job like nobody else, and it is really great respect that we all have". But he waited until after the phone call to elaborate.
NASA’s InSight spacecraft lands on Mars after six-month journey
It was NASA's - indeed, humanity's - eighth successful landing at Mars since the 1976 Viking probes, and the first in six years. During its descent towards the martian surface, the probe first entered Mars' atmosphere 80 miles (129 km) above the surface.
Prince Harry, Duchess Meghan are moving out of Kensington Palace
However it's not ready for them to move in straight away, as it's now divided into five separate units for palace staff to reside. The Duke and Duchess held their wedding party at nearby Frogmore House, following their marriage in St George's Chapel, Windsor.
Ahead of Thanksgiving Trump pardons two Turkeys
I will be issuing both Peas and Carrots a presidential pardon", Trump said of Democrats' possible interest in their testimony. What started as good publicity for the National Turkey Federation has become a much-loved White House tradition.
Black Friday 2018: Here Are All The Best Deals!
Online retail giant Amazon has joined in on the early Black Friday craze, with multiple video game deals now live. Every year, Black Friday seems to start earlier, and 2018 is no exception to that rule.
Trump Compares Ivanka Email Scandal to Hillary Clinton's
What happens next to Ivanka has yet to be seen, but knowing the Trump family she'll probably skip right on through this faux pas. Former FBI Director James Comey and FBI agent Peter Strzok also used private email accounts to conduct government business.