General Motors Aktie News

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.

GM didn't immediately respond to a request for comment.

General Motors Co. (NYSE: GM) is scaling back production and laying off more than 2,000 workers across its electric vehicle (EV) and battery operations, reported The Detroit News, as the US market for battery-powered cars shows signs of cooling.

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.

General Motors will cut 1,200 jobs at its EV plant in Detroit, and hundreds more at its Tennessee and Ohio battery facilities, Detroit News reported on Wednesday.

Since President Trump entered office, tariffs have become among the most discussed topics in financial markets. April 2, which became known as “Liberation Day.