G M wants to part with 15 percent of its employees in the coming years. Plant closings are also planned. These measures are part of a major savings program with which the group is to be made fit for the future and costs are to be drastically reduced.
Massive job cuts
For this purpose, investments in the areas of electromobility and self-driving cars are increasing. Group boss Mary Barra announced a profound restructuring of the company. In the US and Canada, five manufacturing facilities could be closed by the end of 2019. A total of around 14,700 jobs are to be cut. That's about 15 percent of all GM employees in the region. A quarter of this includes management positions, which should simplify the decision-making processes according to GM. In addition, operations in two international plants are to be stopped. With these measures, GM wants to reduce costs by around 4.5 billion dollars by 2020.->
Cadillac XTS: You can't tell by looking at it, but the Cadillac XTS is a true sister model of the Impala. He's also been using the extended Insignia platform since mid-2012. The XTS is getting on in years and is already quite expensive, at least compared to the Chevrolet alternative: the sedan costs at least $ 46,895 (a good 41,000 euros). Obviously too much for what it offers, which is why it will be over in the fourth quarter of 2019.
Cadillac CT6: The fast end of Cadillac's top sedan surprised, after all, the CT6 was just coming on the American market in spring 2016. But - in contrast to most other GM obsolete models - it will not be an abrupt end for the upper-class model. First, the series dies only on the home market; in China, the relatively successful model there continues to be built and sold. And secondly, according to American media, the sporty, 558 hp V version will still be on the market and will be offered well into 2019. The normal version with 410 hp three-liter twin-turbo V6, on the other hand, expires on June 1st.