GM to cut salaried workers, production, dividend
DETROIT (AP) — General Motors Corp. said Tuesday it will lay off salaried workers, cut truck production, suspend its dividend and borrow $2 billion to $3 billion to weather a severe downturn in the U.S. market. GM said the moves will raise $15 billion to help cover...
GM prepares for large cuts in North America. More bad news for Oshawa?
General Motors (GM) is set to unveil additional measures on Tuesday to address the significant downturn in the North American vehicle market. The world’s largest carmaker aims to realign its business with current market conditions, and key executives, including...Canada puts brakes on electric vehicles
Despite increasing local demand for zero-emissions cars and trucks and robust exports of electric vehicles, Canada will not allow them on its roads, lament manufacturers. “It’s a daily embarrassment,” said Ian Clifford, president of Zenn Motor...
Toronto Mayor Olivia Chow said she’s “speechless” about the continued delayed of the Eglinton Crosstown, saying she’s no more knowledgeable on the project than residents and business owners who’ve been waiting years for it to wrap up.
“I don’t know what to say anymore, it’s leaving me speechless,” said Chow.