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A massive and expensive pivot to EVs has failed to turn a profit. The auto industry has invested or announced plans to invest more than $300 billion in US EV and battery production since 2016, the ...
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers, mostly white collar, were notified about the ...
Los Angeles Times. The Los Angeles Times said it was laying off at least 115 employees — more than 20% of the newsroom — one of the largest staff cuts in the newspaper’s 143-year history ...
By the mid-1970s, Ford and General Motors had massive layoffs as Firestone and other manufacturers opened new plants in non-union locales like Wilson, North Carolina. After considerable downsizing, the South Gate plant was closed in 1980 and 1,300 workers were laid off. East Los Angeles College has proposed a new satellite campus at the site. [10]
The General Motors streetcar conspiracy refers to the convictions of General Motors (GM) and related companies that were involved in the monopolizing of the sale of buses and supplies to National City Lines (NCL) and subsidiaries, as well as to the allegations that the defendants conspired to own or control transit systems, in violation of Section 1 of the Sherman Antitrust Act.
All auto-related industries and after-market service businesses employed approximately 3.1 million people in the United States. The U.S. Bureau of Labor Statistics breaks down the workers into the following segments, as of September 2008: Parts manufacturing-504,000; Repair operations-864,000; Wholesale operations-340,000; Dealer operations-1.2 ...
The latest Facebook Marketplace scam to watch out for: a scheme that sold rented cars for cash on the online secondhand shopping platform. ... This story originally appeared in Los Angeles Times ...
The nearly century-old auto parts retail giant announced on Thursday that it plans to close over 700 of its nearly 5,000 stores by mid-2025. Advance Auto Parts Is Closing 700 Locations Across the U.S.