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General Motors to slash jobs and production, cancel some car models

Updated : November 27, 2018 06:09 AM IST

Cost pressures on GM and other automakers and suppliers have increased as demand waned for traditional sedans.
The No. 1 US automaker signaled the latest belt-tightening in late October when it offered buyouts to 50,000 salaried employees in North America, with the aim of reducing headcount by 18,000.
General Motors to slash jobs and production, cancel some car models

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