GM closing 5 US/Canadian plants, 2 International - Laying off staff

Discussion in 'Auto News' started by R1600Turbo, Nov 26, 2018.

  1. R1600Turbo

    R1600Turbo Premium

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    Right before the holidays. How generous of them. :rolleyes:

    https://www.carscoops.com/2018/11/g...-canadian-plants-slashes-15-salaries-workers/

    This also means the Volt, Cruz, Impala, XTS, CT6, and LaCrosse will be discontinued.

    https://www.autoblog.com/2018/11/26/gm-production-cut-oshawa-chevy-impala-cadillac-xts/

     
    Last edited: Nov 26, 2018
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  2. Danoff

    Danoff Premium

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    Pretty sure Tesla is hiring.
     
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  3. Tornado

    Tornado

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    The writing has been on the wall for this for a while now since GM has still been hopelessly overcapacity even after the bailout/bankruptcy, but it won't be good optics for all three US manufacturers to have outright cancelled all of their cars that they actually have to worry about meeting CAFE with. Even before the jobs issue comes up where this was done in the same year that GM made enough profit to do a big stock buyback.
     
    Last edited: Nov 26, 2018
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  4. Joey D

    Joey D Contributing Writer

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    The biggest surprise is the Volt. With as much as GM is investing into EV tech, ditching that seems strange. I get the other vehicles though, but I am curious if it's stopping the production of the Impala then what will I get for a rental car now?

    But then you have to work for Elon Musk, which sounds awful. Plus Tesla is almost always on the verge of a collapse because there's only so many tech-bros it can shove the car on to.
     
  5. Dennisch

    Dennisch Premium

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    Economy is booming again, back to just building V8's, trucks and suv's again!

    Or will they push the Korean Chevrolets down your throats?
     
  6. Joey D

    Joey D Contributing Writer

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    Well as soon as gas prices go back up (they will), it's hard to say what the domestic car companies will do. But Korean Chevy's seem like a GM move, so I'm guessing they'd do that.
     
  7. Eunos_Cosmo

    Eunos_Cosmo

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    Vaguely on topic: Regarding the Cruz and Volt (and every car that Ford is discontinuing), does anyone else wonder whether the executives who make the call to discontinue these vehicles ever consider that the reason they are performing so poorly is that they are so ass-ugly and/or ancient, rather than a general lack of interest in the segment? Another good example of this is the 2018 Accord vs the 2017 Accord. The 2017 actually sold better, despite being the older and less well regarded model. But the 2018 is hideous (I get cold shivers every time I see that brutish disjointed mess in person). Fading segment or is the design putting people off? I keep hearing nonstop how nobody wants cars, but I see few manufacturers actually trying to make good looking cars.

    Or, from a more Machiavellian/cynical perspective, are these same executives deliberately sabotaging the cars in this segment with bad design so they can discontinue them in favor of higher-margin offerings? It's a lot easier to convince a board to axe a product that isn't selling well, after all.
     
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  8. Dennisch

    Dennisch Premium

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    Maybe the French will try to get back into the US, and you guys get Opel. :O

    How does the current Prius stack up against the previous model, because that thing sure is one ugly "insert Predator quote".
     
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  9. R1600Turbo

    R1600Turbo Premium

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    The South Korea plant is closing too.

    Also:

    [​IMG]
     
  10. Northstar

    Northstar Premium

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    Considering how pretty much every modern manufacturer only has 1 design for their entire lineup, I don't think that's what's putting people off.
     
  11. Dennisch

    Dennisch Premium

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  12. R1600Turbo

    R1600Turbo Premium

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  13. Dennisch

    Dennisch Premium

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  14. R1600Turbo

    R1600Turbo Premium

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    Yeah I read the original article wrong.
     
  15. Eunos_Cosmo

    Eunos_Cosmo

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    Apparently, not well.
     
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  16. Dennisch

    Dennisch Premium

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    Man. That Fusion is really pretty when compared to that Prius. Massive miss by Toyota.
     
  17. Naveek Darkroom

    Naveek Darkroom Premium

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    And apparently this means the V8 powered CT6 will be a one year only offering, and they've already stopped importing the hybrid CT6. They'll still sell the CT6 in China though. And I also liked the current gen Impala.
     
  18. ROAD_DOGG33J

    ROAD_DOGG33J Premium

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    I didn't do too much reading on Cadillac's line-up but it seemed a bit confusing. They offered three sedans that start within a few thousand dollars of each other (CTS, CT6, XTS).
     
  19. Keef

    Keef Premium

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    GM stock prices went up 7% after this announcement. Fire poor people, rich people get richer.
     
  20. eran0004

    eran0004

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    When stock prices go up it’s rich people redistributing their wealth among themselves. Some win, some lose, but no new money is added.
     
  21. Silver Arrows

    Silver Arrows Premium

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    Oshawa is going to die as a city. And for what - a bunch of fat cats in Detroit to save their jobs?
     
  22. Tornado

    Tornado

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    Its sales have dropped year after year since the current model debuted; and last year were sitting at about half of what they were in the last year of the previous generation.


    Whether it's the specific attitude towards the car in comparison to straight up electric vehicles (read: It's not trendy anymore), general market direction for cars of its type (read: it's not a lard ass crossover) or just the fact that it is :censored: ugly is something Toyota will need to determine.

    The CTS and XTS were both on the way out. It's certainly confusing that they had three different, similarly sized and looking cars with three different naming schemes from three different attempts at a rebranding their model line, but after next year it was always supposed to just be the CT6.


    Now it's a moot point, though, since I can see GM giving up entirely on Cadillac now after immediately abandoning the car that they just developed a new platform and engine for. Spin off the Escalade into its own thing and shutter the brand outright beyond that.
     
    Last edited: Nov 27, 2018
  23. Dennisch

    Dennisch Premium

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    Yup. Stocks went up 7% after the news broke.
     
  24. Northstar

    Northstar Premium

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  25. Silver Arrows

    Silver Arrows Premium

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    UAW is a fat cat union that is so corrupted and warped that it shouldn't be taken as an actual union, especially when we actually have examples of smaller scale unions pushing through demands for a better workplace.
     
  26. kikie

    kikie Premium

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    Trump is furious. Not fast but definitely furious.
     
  27. Keef

    Keef Premium

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    Most unions are a great idea but the UAW in particular is corrupt as hell with big stakes in the car companies and money to be made. The UAW is so crooked it gives all unions a bad name. It's part of the reason American companies have such a hard time competing.
     
  28. LMSCorvetteGT2

    LMSCorvetteGT2

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    If it's anything like their Space X process, it'd be pretty strict. Best of luck to these folks I hope they find work quickly.
     
  29. Novalee

    Novalee

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  30. Joey D

    Joey D Contributing Writer

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    Absolutely. Unlike Ford, GM is actually attempting to do something before it all goes wrong. For as much flak as Mary Barra is getting right now, I think she's probably the best thing to happen to GM. Several of my friends who work there say the same thing too.