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GM announces production reduction at Detroit-Hamtramck Assembly plant
12 October 2017, 10:18 | Hattie Nash
According to the Wall Street Journal, roughly 1,500 workers will be affected at GM'S Detroit-Hamtramck assembly plant, which produces four auto models that are seeing sluggish demand: the Buick LaCrosse, the Cadillac CT-6 sedan, the Chevrolet Volt plug-in hybrid, and the Chevrolet Impala.
The Detroit-Hamtramck plant will likely produce 20 percent fewer vehicles once production resumes in 2018, the Journal said.
US Offers Proposal That Could Kill Nafta in 5 Years
But Mexico strongly opposes a USA -specific content requirement, which would limit the growth of its own auto industry. Trudeau has said he is optimistic about the deal's fate but admitted there was room for improvement.
The nation's largest automaker plans to temporarily shut down its Detroit-Hamtramck assembly plant for a six-week period beginning in mid-November, according to the Wall Street Journal. The planned reduction will reportedly cost 200 jobs at the facility.
Impala sales are off 32 percent through September, while Volt sales are down 6 percent and LaCrosse sales are off 21.
Both GM and rival Ford Motor have struggled for most of this year to rein in high inventories of passenger cars as consumers have shifted to buying pickup trucks and sport utility vehicles. With supply swelling, manufacturers have sought to curb production. "This action continues to show that GM remains price disciplined" by cutting production instead of increasing incentives. Along with that announcement, GM said it planned to layoff around 1,200 employees at the plant. The spokesman also says that while 6,000 jobs were eliminated, 2,300 temporary workers and 800 of its hourly, union-represented workers have been laid off, for a total of 3,100 job cuts so far.
FBR & Co Comments on MetLife, Inc.'s Q3 2017 Earnings (MET)
Following the acquisition, the director now directly owns 41,951 shares in the company, valued at approximately $2,272,485.67. California-based Checchi Capital Advisers Limited Liability Company has invested 0.04% in Metlife Inc (NYSE:MET).
Trading Statistics of United Parcel Service, Inc. (UPS)
As per Wednesday, July 29, the company rating was downgraded by Bank of America. (NASDAQ:KALU) rating on Friday, March 11. Stewart & Patten Co Llc decreased Abb Ltd. (NYSE:ABB) stake by 317,232 shares to 11,997 valued at $299,000 in 2017Q2.
Are these trainers grey and aqua or pink and white?
If you would like to join Girlsmouth in guessing which colour the trainers are, you can do so by joining their group. She told me that she cannot decide what color these shoes are gray with turquoise laces, or pink with white.
Wal-Mart Stores, Inc. (NYSE: WMT)
The firm has "Buy" rating by Nomura given on Friday, May 20. (NASDAQ:CPRT) has "Hold" rating given on Friday, May 27 by Jefferies. Cullinan Associates Inc increased American Electric Power (NYSE:AEP) stake by 7,800 shares to 23,600 valued at $1.64M in 2017Q2.
Paris aims to ban petrol cars by 2030
One of most visited cities in world, Paris , gasoline and diesel all fossil fuel vehicles are banned from entrance to city. Paris City Hall declines to call the move a "ban" on combustion-engine cars, but rather a deadline for making an exit.
Amazon.com, Inc. (AMZN) Analysts See $0.04 EPS
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Capital One National Association holds 14,248 shares with $279,000 value, down from 285,238 last quarter.