Form 8-K General Motors Co For: Mar 09

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Go back to Form 8-K General Motors Co For: Mar 09

GM (GM) announced voluntary separation program

March 9, 2023 9:04 AM EST

General Motors (NYSE: GM) disclosed:

On January 31, 2023, General Motors Company (the Company) announced its intention to implement a cost reduction program to reduce fixed costs by $2.0 billion on an annual run rate basis by 2024 (the Program), with 30% to 50% of these savings expected during 2023 and the full amount expected in 2024. The Program is expected to drive cost efficiencies by (i) reducing vehicle complexity and expanding the use of shared subsystems... More