And the layoffs keep coming.
General Motors joins Amazon and Paramount this week, announcing on Wednesday it will be laying off 1,750 workers in Michigan and Ohio, in response to the downturn in U.S. electric vehicle (EV) market. The Detroit News first reported the news.
Shares in the automotive maker (NYSE: GM) were down less than 1% in midday trading on Wednesday.
The company said those cuts include 1,200 workers in Detroit at the company’s electric vehicle plant and another 550 employees at Ohio’s Ultium Cells battery cell plant. The company is also instituting temporary layoffs for some 850 workers at the Ohio plant and another 700 workers in Tennessee, General Motors confirmed to Fast Company.
Federal electric vehicle (EV) tax credits of up to $7,500 expired at the beginning of th

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