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General Motors (NYSE: GM) has generated an angry response in its hometown of Detroit to its $1-billion plan to build electric vehicles in Mexico.
¡Ay, Caramba! The company did not announce the news through its English-language communications channels, but instead dropped word via a Spanish-language press release from its Mexican subsidiary.
The electric vehicles will be built at GM’s Ramos Arizpe production complex. The company plans to begin producing batteries and components for the electric vehicles later this year, with full vehicle production slated to start in 2023.
No Muy Bueno: Closer to GM headquarters, reaction to the news was unpleasant.
Created: April 21, 2021 05:18 PM
ROCHESTER, N.Y. (WHEC) Wednesday New York Senator Kirsten Gillibrand introduced new legislation that could help keep jobs on American soil.
It’s called the “End Outsourcing Act” and it’s designed to keep good-paying manufacturing jobs in the United States and to help re-employ millions of people who lost their jobs during the pandemic.
According to Sen. Gillibrand, New York State lost 1 million jobs 10% of our workforce during the pandemic. She says pandemic job losses top off an existing trend she’s seen over the past two decades. Between 2001 and 2015, the United States lost more than 3 million jobs to China alone,” said Gillibrand. “Nearly three in four of those jobs were in manufacturing.
More Production Cuts: GM Idles Plants Over Chip Shortage Worries
04/08/21 AT 2:22 PM
A semiconductor chip shortage continues to plague the auto industry, with General Motors (GM) temporarily shutting down more of its production plants as it awaits the crucial tech component.
The American automaker will close a series of plants for one-to-two weeks because of the chip shortage while extending the shutdown of facilities that have already been idled due to the supply-chain bottleneck, CNBC reported.
GM has said that it expects the plant shutdowns to reduce its operating profits by as much as $1.5 billion to $2 billion for 2021. CEO Mary Barra told the Wall Street Journal on Feb. 10 that the chip shortage will not affect the automaker’s pickup truck and SUV production in 2021.