In this June 10, 2011, photo, a worker checks the paint on a Camaro at the GM factory in Oshawa, Ontario. (Frank Gunn/The Canadian Press via AP)
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General Motors Co. said Monday it will cut production of slow-selling models and slash its North American workforce in the face of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles.It will also stop building several models now assembled at those plants, including the Chevrolet Cruze, the Cadillac CT6 and the Buick LaCrosse.Even as GM is moving to lay off salaried staff, the company is hiring.Unlike Japanese automakers Nissan Motor Co. Ltd., Honda Motor Co. Ltd. and Toyota Motor Corp., which rely on a more flexible system where they make multiple vehicles at a single plant, GM has too many factories that make just a single model.GM has several plants running well below that.Barra said the automaker is running at about 70 percent capacity utilization in North America, and GM will provide an update on how the latest moves will improve utilization in January.
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