5 - GM Drops Sedans and Plants - a podcast by Tucker Ellis LLP

from 2018-12-03T18:20:09

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Did AV Cause GM to Drop Sedans, Fire Workers, and Shutter Plants?

Notwithstanding five years of strong profits and anticipatable fiery backlash, GM announced plans to cut almost 15,000 jobs in North America and to end production at five North American plants. GM intends to drop passenger-cars from its lineup, including the Chevy Cruze, the newly redesigned Cadillac CT6, the Impala, and the Buick LaCrosse. The Company’s press release cited a plan to invest the saved costs in electric and self-driving vehicles. The Company also shifted Dan Amman from its president to chief executive officer of GM Cruise. Host Zach Adams, litigator Jon Feczko and business lawyer Tod Northman assess the ramifications of GM’s actions with particular emphasis on autonomous vehicles.

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