Auto 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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.