General Motors announced permanent layoffs affecting over 1,100 workers at its Factory Zero plant, citing production adjustments due to slower near-term EV adoption. Despite the cuts, the stock closed up 2.68%, buoyed by strong overall sales performance.
- The cuts, described as permanent by UAW Local 22, stem from reducing operations at the plant to a single shift.
- The positive stock movement was likely driven by news that GM's 2025 sales were up 6%, leading the U.S. industry in overall volume, primarily due to strong pickup and SUV performance.
- The stock closed at $83.15 on 2026-01-05.