GM Layoffs at Factory Zero Amid Low EV Demand
GM Layoffs at Factory Zero Amid Low EV Demand

GM Layoffs at Factory Zero Amid Low EV Demand

News summary

General Motors (GM) is set to temporarily lay off 200 employees at its Factory Zero Detroit-Hamtramck Assembly Center due to lower-than-expected demand for electric vehicles (EVs). This decision is unrelated to recent tariffs but is instead a response to current market dynamics, as the adoption of EVs in the U.S. has not met industry predictions. Factory Zero, employing over 4,500 workers, produces several of GM's Ultium-based EVs, including the Chevrolet Silverado EV and Hummer EV. The layoffs primarily affect battery manufacturing jobs, with no set date for the workers' return. GM's adjustment follows a broader industry trend, with other manufacturers like Stellantis also implementing layoffs due to production challenges. GM's decision underscores the evolving nature of the automotive market as it grapples with consumer hesitations around EV affordability and infrastructure.

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