General Motors laid off 1,700 workers in Michigan and Ohio due to a slowdown in the electric vehicle market. The layoffs included 1,200 at Detroit’s electric vehicle plant and 550 at Ohio’s Ultium Cells battery plant, with 700 more temporarily laid off. Production at Ohio and Tennessee facilities will be paused in January for upgrades, aiming to resume by mid-2026. The company also cut more than 200 salaried employees in a restructuring effort. Sales of electric vehicles soared in the third quarter but are expected to decline due to the discontinuation of federal incentives. GM reported a more than doubling of EV sales during the third quarter, signaling a strong future for electric vehicles despite the need for structural changes to lower production costs. However, the company’s third-quarter results included a $1.6 billion impact from its all-electric vehicle plans not meeting expectations, prompting a reassessment of its EV capacity and manufacturing processes.

Read more at CNBC: GM lays off more than 1,700 at sites in Michigan, Ohio, citing EV challenges