General Motors will lay off about 1,200 workers at its electric vehicle plant in Detroit, the automaker told multiple outlets on Wednesday, as well as 550 at a battery facility in Ohio as the company responds to “slower” electric vehicle adoption.
General Motors is laying off thousands of workers across multiple electric vehicle and battery plants in the U.S., according to multiple outlets.
The automaker is also cutting 550 jobs at its battery plant in Ohio.
General Motors laid off more than 1,700 workers across manufacturing sites in Michigan and Ohio, the company confirmed to CNBC. The layoffs include jobs at Detroit's electric vehicle plant and Ohio's Ultium Cells battery cell plant, in addition to temporary layoffs at Ultium Cells' Tennessee plant.
Here we present five stocks, StoneCo, PagSeguro Digital, General Motors, Itron and Newmont, for value investors using the price-to-book ratio strategy.
General Motors (GM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
PRM, GM and ISRG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 27, 2025.
GSL, GM and PEB made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 27, 2025.
Loan growth is set to slow down because of economic factors. Margin will likely continue to expand as deposit costs will fall in response to rate cuts. 3Q's provision expense was elevated because of two movie theaters. Provisions will likely dip from the 3Q's level.
The move comes days after GM's stock surged to a record price following better-than-expected earnings and a rosier outlook for the impact of automotive tariffs.
Shares of Detroit Three automaker General Motors NYSE: GM have been underwater for most of 2025, with tariffs, EV difficulties, and economic uncertainty depressing sentiment. However, things just swung massively in the right direction.
General Motors (GM) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.