GM lays off 1,700 workers making EVs and batteries in Michigan, Tennessee
6 months ago
- #Economic Impact
- #Electric Vehicles
- #Automotive Industry
- Automakers celebrated strong Q3 EV sales, with GM seeing a 104% increase year-to-date.
- The surge in EV sales was partly due to the expiring federal tax credit of $7,500.
- The Trump administration has discouraged clean tech by canceling initiatives and ignoring pollution.
- Trade wars have increased prices and reduced demand for EVs.
- GM announced a $1.6 billion financial hit due to declining EV demand.
- 1,200 workers at GM's Hamtramck Assembly Center will be laid off, shifting from two shifts to one.