GM to slice 15% salaried jobs

[Ted King]

Part of the story seems to involve choices consumers are making about what kind of vehicle to drive:

https://www.motherjones.com/kevin-drum/2...roduction/

As you can see, domestic auto sales were doing OK up through mid-2014. Then, over the next 18 months, gasoline prices plunged from $3.70 to $2.20 and Americans did what they always do: abandoned gas-friendly autos and went on an SUV binge. Today, trucks and SUVs outsell cars by more than 2 to 1, which is why auto plants are being closed.