GM to Close Five North American Plants, Cut 10,000 Jobs

GM plans to close five North American plants and cut 15% of salaried staff due to declining sedan sales and a shift towards SUVs and pickups. The company aims to streamline operations by reducing executives and plans to reinvest in electric and autonomous vehicles, demonstrating their ability to adapt to market changes.

What major action did GM announce regarding its North American operations?

• Increasing staff by 15%

• Closing five plants

• Opening new plants

• Launching a new sedan model

Which type of vehicles have seen a significant increase in sales in the US market?

• Hybrid vehicles

• Electric cars

• SUVs and pickups

• Sedans

What challenge is the automobile industry facing according to Craig Trudell?

• Overproduction of SUVs

• Decline in sedan sales

• High production costs

• Lack of innovation

What percentage of executives is GM planning to reduce to streamline decision-making?

• 10%

• 15%

• 20%

• 25%

What future investments is GM planning to make with the generated cash flow?

• New sedan models

• Electric and autonomous vehicles

• Luxury car lines

• International expansion