GM to close truck, SUV plants
Strategic shift away from gas-guzzlers a look into auto's future?
GM chairman and CEO Rick Wagoner announced Tuesday that the automaker will close four truck plants, including two in the U.S., and scale back on the manufacturer of trucks and SUVs as the world evolves toward more fuel efficient cars.
Also on the docket is a possible sale of the Hummer brand, which Volt electric car from GM by 2010.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey