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Layoffs and a top exec out: what GM pullback on EVs means for you

By Yahoo! Finance   |   1 month ago
Layoffs and a top exec out: what GM pullback on EVs means for you

General Motors is making significant changes in response to slowing electric car demand, with halts in battery manufacturing and layoffs affecting around 1,750 jobs. CEO Mary Barra acknowledged the lower EV adoption rate and regulatory changes, leading to a strategic reassessment of GM's electric vehicle growth plans.

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