Electric Vehicles: GM To Lay Off 800 Workers In Detroit To Retool Factory For Electric Vehicle Production
This will be the impact of Electric Vehicles on the labor market…
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US Imposes A Record $7.5 Billion In Tariffs On European Goods; Europe Vows Retaliation
“We, Europeans, will take similar sanctions in a few months, maybe even harsher ones — within the framework of the WTO…”
Continue readingUAW Considers “Symbolic” Vote Of No-Confidence For GM CEO Mary Barra
The UAW’s strike has caused 46,000 workers at 34 plants nationwide to step off the job and is entering its 17th day…
Continue readingGM & FORD BRACE FOR A GLOBAL ECONOMIC RECESSION
Why is the company stockpiling cash in case of a recession if they don’t see an imminent downturn?
Continue readingPresident Trump, Mnuchin Call For GM To Pay Back Federal Bailout
GM is facing political backlash from their recent decision to close several North American plants and layoff nearly 15,000 employees. Here are the details…
Continue readingVictims Of The Same Ponzi Scheme: GE & GM Are Telling Us The US Economy Is In HUGE Trouble
America’s twin economic “generals” are both in very deep trouble, and they are signaling huge trouble in the US economy. Here are the details…
Continue readingGM TO FIRE 15% Of Salaried Workers And CLOSE 7 PLANTS
The cutbacks announced by GM Monday morning were more severe than most analysts expected. Here are the details of GM’s steep cuts…
Continue readingAmerica’s Dumbest Companies Are Repeating Their Biggest Mistakes At Exactly The Wrong Time
“Gas has been relatively cheap for a few years…betting its corporate future on continued cheap gas and profligate customers.”
Continue readingFirst Precious Metals Weakness, Then Home Sales Slowing, and Now Auto Sales Are Crashing
Here’s the Latest News on yet Another Sector Slump
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