Despite job cuts, GM won't abandon small car market | Bangkok Post: news - News Summed Up

Despite job cuts, GM won't abandon small car market | Bangkok Post: news


WASHINGTON (UNITED STATES) - General Motors confirmed Sunday its plans to eliminate a shift at an Ohio plant, idling some 1,500 employees as demand for compact cars dips. She emphasized the company did not plan to abandon the passenger car market completely. "The car market remains important to GM and Chevrolet since it represents 36 percent of industry retail sales. The small car segment also brings new and conquest customers to Chevrolet," Hart said. But Hart said across the US industry, the small car market has been in steady decline since 2014, a trend driven by lower fuel prices and an improving economy.


Source: Bangkok Post April 16, 2018 00:45 UTC



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