GM Idling Production At Detroit-Hamtramck Assembly Plant

New cars are shown for sale at a Chevrolet dealership in National City California U.S

General Motors Co. plans to close a Detroit factory through the end of the year and deepen production cuts to slow-selling cars the plant manufactures, idling some workers and letting go others around the holiday season in response to weak sales.

USA automaker General Motors will close a Detroit plant until the end of the year and scale back its assembly line production next year, the company said Thursday.

GM won't comment on specific production plans, but did say it intends to keep current production in line with demand.

Bayern Munich's midfielder Arturo Vidal makes U-Turn on retirement decision
Vidal shares with Jean Basiura sixth place in the history of the Chile national team on number of games played (98 games). Chile midfielder Arturo Vidal has backtracked on his decision to retire from worldwide football.

Osinbajo's approval of NNPC joint venture followed due process - Akande
In a series of tweets, Akande had said Osinbajo signed the contracts while President Muhammadu Buhari was away in London, in his capacity as the Acting President.

Paris Officially Says It's Phasing Out All Non-Electric Cars
In her latest effort to make the French capital greener, Paris Mayor Anne Hidalgo has called for a ban on petrol cars from the year 2030.

The Hamtramck plant makes four sedan models that have not been performing well. Through September, passenger-car sales have fallen 10 percent while SUV and light truck deliveries have risen 4.4 percent, according to researcher Autodata Corp.

Earlier this year, GM eliminated the plant's second shift, saying it was laying off around 1,200 workers. The automaker announced last month that it would cut the third shift at its plant in Spring Hill, Tennessee, as of late November. Along with that announcement, GM said it planned to layoff around 1,200 employees at the plant. The company says fewer than 200 workers will be laid off on that date.

Production cuts slice into revenue but also could help automakers avoid deeper price cuts on vehicles they can sell.

Related News:

  • AT&T Blames Hurricanes, Mexico Earthquake For Q3 Revenue, Video Subscriber Losses

    AT&T Blames Hurricanes, Mexico Earthquake For Q3 Revenue, Video Subscriber Losses

    As for the DirecTV Now additions, the virtual MVPD ended the second quarter with around 500,000 customers, according to AT&T. Deutsche Bank's Niknam noted accelerating competition from Dish's Sling service, Sony Corp.'s PlayStation Vue and others.
    Houston won 5 of 7 games vs. New York Yankees in 2017

    Houston won 5 of 7 games vs. New York Yankees in 2017

    Gardner had three hits, a run and a key RBI in the ninth on Wednesday in Game 5 , but Judge came up empty 0-for-5 with four Ks. Houston will also run out Justin Verlander (15-8, 3.36), Brad Peacock (13-2, 3.00) and Charlie Morton (14-7, 3.62).

    Analyst Research Roundup: The Southern Company (SO), Seattle Genetics, Inc. (SGEN)

    To measure price-variation, we found SGEN's volatility during a week at 3.44% and during a month it has been found around 2.82%. It improved, as 63 investors sold MO shares while 529 reduced holdings. 111 funds opened positions while 598 raised stakes.
  • My good wishes are with Anupam Kher: Gajendra Chauhan, ex-FTII chairman

    My good wishes are with Anupam Kher: Gajendra Chauhan, ex-FTII chairman

    The last issue raised in the letter reads: "FTII has been producing filmmakers who are working at various platforms". The development on the campus has coincided with Kher's appointment, which the students have questioned.
    Gal Gadot In Talks For Justin Kurzel's Ruin

    Gal Gadot In Talks For Justin Kurzel's Ruin

    Her DCEU commitments mean she is locked in to Justice League 2 and the Flash standalone Flashpoint as well as Wonder Woman 2. A former Nazi captain hopes to make up for his war crimes by hunting down the other members of his SS Death Squad.
    Reviewing the Insider Trends for Wal-Mart Stores, Inc. (WMT)

    Reviewing the Insider Trends for Wal-Mart Stores, Inc. (WMT)

    It dived, as 50 investors sold EQT shares while 152 reduced holdings. 53 funds opened positions while 139 raised stakes. Horan Capital Management bought 14,072 shares as the company's stock declined 13.45% while stock markets rallied.
  • Juniper Networks, Inc. (JNPR) Updates Q3 Earnings Guidance

    A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. Juniper Networks (NYSE: JNPR ) last announced its quarterly earnings results on Tuesday, April 25th. (NYSE: JNPR ).
    Nubia Z17S, Nubia Z17 miniS launched with 3D glass design & four cameras

    Nubia Z17S, Nubia Z17 miniS launched with 3D glass design & four cameras

    The device is backed by a 3,100mAh battery with 26W fast charging support and NeoPower 3.0 power saving technology. The flagship Nubia Z17S comes with a 5.73-inch LTPS TFT all-screen display with a resolution of 1080x2040 pixels.
    Watch Linkin Park's 'Carpool Karaoke' with Chester Bennington

    Watch Linkin Park's 'Carpool Karaoke' with Chester Bennington

    Corden toldThe Associated Press in August that he had no plans to air the episode without the Bennington family's blessing. At the start of the video, Jeong jokes that he had a dream he joined the band and renamed it "LinKEN Park".
  • AWS, Microsoft launch deep learning library

    AWS, Microsoft launch deep learning library

    Additionally, it will allow them to debug and update neural networks much more smoothly. The approach allows users to reuse existing building blocks in the library.
    Jamie Carragher says Arsene Wenger was right about the top four

    Jamie Carragher says Arsene Wenger was right about the top four

    I thought "what have I done coming here - this is going to be embarrassing". "That's when I knew he was a great manager". Merson played under Wenger at Arsenal and was also under Redknapp's guidance at Portsmouth in 2002-03.
    How off-spinner Perera headlined Sri Lanka's win

    How off-spinner Perera headlined Sri Lanka's win

    Keeping the format into consideration, last time Pakistan played a 50-over game, they beat India to lift the ICC Champions Trophy. However, the Lankans are yet to taste a series win in the UAE as they lost in all the six they have played against Pakistan .


Most liked

What is going on with loot boxes in games?
But it seems that ESRB only counts it as gambling if the players have a chance of not getting anything from the loot box . Speaking with Kotaku via email, an ESRB spokesperson stated that the "ESRB does not consider loot boxes to be gambling ".

Court Rules in Favor of National Football League in Ezekiel Elliott Suspension
The hope was that the Fifth Circuit judges will agree where Mazzant did not. Elliott, 22, has repeatedly denied any wrongdoing. Elliott was not present at that hearing.

Whiting Petroleum Corp. (WLL) - Technical Watch
Fine Capital Partners L.P. increased its position in shares of Whiting Petroleum Corporation by 53.7% during the 2nd quarter. Campbell & CO Investment Adviser LLC boosted its holdings in Whiting Petroleum Corporation by 24.4% in the 2nd quarter.

How expensive a Cisco Systems, Inc. (CSCO) stock is?
As its institutional ownership stands at 79.90%, the ownership flows provide evidence to be a good test of stock returns. Legal & General Group Plc increased its position in shares of Sirius XM Holdings by 1.5% during the second quarter.

Pro-Sports Teams Drop Trump Hotels
But some coaches and players have made it clear that Trump's politics definitely factors into their decision to stay elsewhere. Pro sports teams from the NBA, MLB, and National Hockey League have stopped staying at Trump-owned hotels.

No plan to let women in shakhas: RSS
He advised Gandhi to compete with the Bharatiya Janata Party (BJP), instead of the RSS. You see women in the Congress all the time.

Star Wars VR attraction takes you on 'Rogue One'-style undercover mission
The experience debuts in two months in Downtown Disney at Disneyland Resort and Disney Springs at Walt Disney World Resort. The so-called "hyper-reality experience" is a collaboration between Lucasfilm, ILMxLAB and VR start-up The Void.

Capital One Financial Corporation Analysts Reduce Earnings Estimates for Schlumberger NV (SLB)
With 1.40M avg volume, 15 days are for Realty Income Corporation (NYSE:O)'s short sellers to cover O's short positions. Birch Hill Investment Advisors Llc decreased Schlumberger Ltd ( SLB ) stake by 44.89% reported in 2017Q2 SEC filing.

European Union stops natural gas sales to North Korea
Its latest missile launch, later that same month, flew over Japan before splashing into the Pacific Ocean. The same day, the USA flew two B-1B Lancer bombers near the Korean Peninsula in a show of force.

Mike Phelan: 'Jose Mourinho bringing fear factor back to Old Trafford'
United's hopes for the season after their strong start will feel even more promising with those two back in the squad. Mourinho initially signed a three-year deal in the summer of 2016 when he replaced Louis Van Gaal.

Phil Spencer: Original Xbox backward compatibility coming this year
I know there is a certain view that says if my friends have this console, they can't play with people who buy another console. They should talk about what their view is". "I think people look at [cross-play] and say is it better for gamers".

Fortnite has Over 3.7 Million Players, Over 500000 Concurrent
Vraspir are accused of violating the terms of service and End User License Agreement by cheating in Battle Royale . Thousands of accounts have since been banned.

Robbie Lawler vs. Rafael dos Anjos to headline UFC on FOX 26
His next fight has been confirmed and it promises to be an absolute barnburner against former lightweight king Rafael dos Anjos . The 170-pound contest will headline UFC Fight Night at Bell MTS Place.

Trump Calls Trudeau `Great Friend' as Nafta Tension Remain High
Washington is an incredibly complex mechanism in which the president doesn't always get his way. Chamber of Commerce, vowed: "We're going to fight like hell to protect the agreement".

Juan Martin del Potro battles past Alexander Zverev at Shanghai Masters
The victor of that match may well meet Roger Federer in the semi-finals - a man whom Del Potro downed at the US Open. And all was going well as he took the first set comfortably 6-4 as he chased his sixth title of the year.