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GM to lay off up to 14K workers, close as many as 5 plants

By TOM KRISHER, AP Auto manufacturers continue
Writer to shift away from cars to-
DETROIT (AP) — General ward SUVs and trucks. In
Motors will cut up to 14,000 October, almost 65 per-
workers in North America cent of new vehicles sold in
and put five plants up for the U.S. were trucks or SUVs.
possible closure as it aban- That figure was about 50
dons many of its car mod- percent cars just five years
els and restructures to fo- ago. GM is shedding cars
cus more on autonomous largely because it doesn’t
and electric vehicles, the make money on them, Citi
automaker announced analyst Itay Michaeli wrote
Monday. The reductions in a note to investors.
could amount to as much “We estimate sedans op-
as 8 percent of GM’s glob- erate at a significant loss,
al workforce of 180,000 hence the need for classic
employees. The restructur- restructuring,” he wrote.
ing reflects changing North In this July 27, 2011, file photo, assembly worker Julaynne Trusel works on a Chevrolet Volt at the
General Motors Hamtramck Assembly plant in Hamtramck, Mich.
American auto markets as Continued on Page 3 Associated Press.