GM Reverses Layoff Decision

Workers at three plants in Brazil will keep their jobs following UAW strike resolution.
Workers at three plants in Brazil will keep their jobs following UAW strike resolution.
News comes one year after automakers agreed to a $5 billion effort to inject more affordability into the electrified market.
Department says manufacturer misrepresented the safety of its autonomous technology.
Automaker eyes an annual production target of a million EVs by 2025.
Automaker announces plans to double EV production as competitors see EV inventories pile up.
Supply has picked up, as have sales in nearly every vehicle segment.
Both automakers posted consecutive monthly gains in June.
Automaker earmarks $2 billion to building next-gen full-size pickups and SUVs, guaranteeing production of gas-powered vehicles into the 2030s.
Despite pickup, automaker predicts low incentives will keep it lower than pre-pandemic levels.
Both automakers are discussing potential incentives and the distinction between wholesale and retail.
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