General Motors (GM.N) opens new tab said on Wednesday it will cut U.S. electric vehicle and battery production and 1,200 factory jobs at its EV plant in Detroit along with 550 jobs at an Ohio battery plant as the automaker responds to a significant slowdown in demand for its battery cars.
The Detroit automaker said it will halt battery cell production at its two U.S. joint-venture battery plants - in Tennessee and Ohio - in January for about six months. It added it will also temporarily lay off about 1,550 workers at the battery factories.
Source : Reuters