Emailed on, Tuesday, November 27, 2018
General Motors on Monday announced, they are considering the production halt from North America, Canada, and Mexico factories and will reduce its salaried workforce to reduce capital burning to save around $3 to $3.5 billion.
General Motors already announced the buyout offers for 18000 of its employees a month ago.
General Motors on the verge to restructure its operations to reduce the capital investment and increase profit and free the cash around $6.5 billion by 2020.
So it can be invested in Electric vehicles and Autonomous technology and to ensure shareholders confidence.
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