General Motors reorganizes its business model
Nov 27, 2018
According to some recent announcements, General Motors is reducing staff and closing factories in a significant cost-efficient strategy that will play a crucial role in developing technology for electric vehicles. As part of the plan, General Motors will shut down production of the Chevrolet Impala, Volt, Cruze, and the Buick Lacrosse. However, the company will maintain production of its best-sellers, including pickup trucks and SUV's. According to GM's CEO, the new actions will be in favor of developing better technology and will allow the company to invest in the future.