GM Announces Cuts At Car Assembly Plants In Michigan, Ohio, Canada

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Ford said in April it planned to stop building almost all cars in North America.

GM also announced it will close two unidentified assembly plants outside of North America by the end of next year and restructure its salaried workforce.

GM jumped as much as 7.9 percent to US$38.75, the highest since July, as of 12:20 p.m.in NY trading.

Trump said General Motors owed the country after having been bailed out by tax payer money following the 2008 financial crash. The Detroit-Hamtramck Assembly produces the Buick LaCrosse, Cadillac CT6, Chevrolet Impala, and Chevrolet Volt.

It is also a response to a business cycle that has passed its peak and is now expected to show declining sales, said Kristin Dziczek, vice-president of industry, labour and economics at the Center for Automotive Research in MI.

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Tom Wolikow, a United Auto Workers activist who was among the earlier layoffs, says the timing of Monday's announcement was particularly brutal.

The move provoked an immediate rebuke from President Donald Trump, who warned GM it was "messing with the wrong person" - and demanded the auto maker shut factories in China instead.

General Motors workers leave the Oshawa General Motors plant in Oshawa, Ontario, Nov. 26, 2018.

General Motors says it's going to scale back production, closing plants and cutting up to 15% of salaried jobs nationwide in a move they say will help decrease production costs and keep the company "lean" and "agile", though they stopped short of blaming Trump administration steel tariffs for an increase in production costs.

The company said it plans to halt production of the Chevrolet Cruze at the Lordstown plant in March. Some US workers would transfer to truck and SUV plants where GM is increasing output, the company said.

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U.S. President Donald Trump demanded General Motors Co add a new product to replace a plant in OH that the company said it planned to close next year due to lagging small-car demand. Propulsion plants targeted are Baltimore Operations in White Marsh, Md., and Warren Transmission Operations in Warren, Mich. Layoffs would amount to 14,700 jobs. For instance, in July 2017 during a rally in Youngstown, Ohio, near the the president said of manufacturing jobs that state lost over the years: "They're all coming back".

The main plant begins building the Cadillac XTS with the company boasting that the plant was capable of building a model from almost "every GM brand".

GM's North American salaried workforce, including engineers and executives, will shrink by 15 percent, or about 8,000 jobs. "They better put something else in", Mr Trump said.

At the factories, around 3,300 blue-collar workers could lose jobs in Canada and another 2,600 in the United States, but some USA workers could transfer to truck or SUV factories that are increasing production.

The US firm has struggled with falling sales in recent years prompting a major revamp, which has included selling Vauxhall and Opel, its British and European brands, to the PSA Group.

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Barra said the 110-year-old auto maker would prepare for the future by doubling investment into developing self-driving and electric vehicles. Ford announced in April it would just about end all production of sedans in North America.

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