Skip to content
Trending
June 8, 2025Lululemon shares tumble 20% as it cuts full-year earnings guidance, citing ‘dynamic macroenvironment’ December 9, 2025Euro zone inflation up a notch to 2.2% in November, flash data shows June 30, 2025FedEx beats earnings estimates, forecasts $1 billion cost savings in the next fiscal year June 5, 2025Most companies are already raising prices or plan to because of tariffs, data shows May 12, 2025Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook March 5, 2025Executives are willing to pass down higher costs from tariffs to customers, EY-Parthenon economist says May 9, 2025Germany’s new economy boss has a plan — and it starts with risk, speed and big bets September 17, 2025China keeps tight grip on rare earths, costing at least one company ‘millions of euros’ November 4, 2025Eaton stock cuts its post-earnings losses as investors reconsider their knee-jerk selling August 31, 2025Affirm stock rises 10% as CEO Levchin notes continued consumer strength
  Friday 6 February 2026
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
  Business  GM cutting jobs, idling Canadian electric van plant due to ‘market demand’
Business

GM cutting jobs, idling Canadian electric van plant due to ‘market demand’

AdminAdmin—April 12, 20250

Brightdrop EV600 van

Source: Brightdrop

DETROIT — General Motors

is cutting production of its all-electric BrightDrop delivery vans at a plant in Canada and will idle the facility through much of 2025, the company confirmed Friday.

The CAMI assembly plant in Ingersoll, Ontario, will be reduced from two shifts to one — eliminating 500 jobs — after being idled beginning in May for roughly 20 weeks until October, the company said. Battery pack assembly at the plant also will be down the weeks of April 21 and April 28, ahead of the prolonged shutdown, GM said.

The Detroit automaker said the decisions are not related to President Donald Trump’s tariffs.

“This adjustment is directly related to responding to market demand and re-balancing inventory,” GM said in an emailed statement. “Production of BrightDrop and EV battery assembly will remain at CAMI.”

More stories

One year in, Brian Niccol’s Starbucks looks different — but there are still more changes coming

September 9, 2025

Here’s what to expect when Disney reports earnings before the bell

February 5, 2025

Bank of America tops analysts’ estimates on better-than-expected interest income, trading

April 15, 2025

General Motors beats Wall Street estimates, reassesses full-year guidance amid auto tariffs

April 29, 2025

Lana Payne, president of Canadian union Unifor, which represents workers at the plant, described the actions as a “crushing blow to hundreds of working families in Ingersoll and the surrounding region who depend on this plant.”

“General Motors must do everything in its power to mitigate job loss during this downturn, and all levels of government must step up to support Canadian auto workers and Canadian-made products,” Payne said in a release.

GM launched BrightDrop as a fully owned subsidiary in 2021, before folding it into the company’s fleet business in 2023. It then folded BrightDrop into its Chevrolet brand in 2024.

BrightDrop electric delivery vans are parked near General Motors BrightDrop unit’s CAMI EV Assembly, Canada’s first full-scale electric vehicle manufacturing plant, in Ingersoll, Ontario, Canada, March 13, 2025.

Carlos Osorio | Reuters

GM had high expectations of making BrightDrop into a new, lucrative growth business for the automaker, but sales and revenue did not meet the company’s initial expectations.

BrightDrop was expected to generate $1 billion in revenue in 2023. GM declined to disclose BrightDrop’s revenue, but it’s highly unlikely the target was achieved.

In 2023 and 2024, the automaker sold only about 2,000 of the electric vans, according to its sales reports.

The plans for the idling come weeks after a Detroit Free Press report said hundreds of BrightDrop vehicles were lining a storage lot in Flint, Michigan. 

Unifor said while GM “has indicated it remains committed to the CAMI facility, with upgrades for the 2026 model year, the immediate future remains uncertain without stronger domestic support and fair market access,” citing Trump’s tariffs.

“The reality is the U.S. is creating industry turmoil. Trump’s short-sighted tariffs and rejection of EV technology is disrupting investment and freezing future order projections,” Payne said. “This is creating an opening for China and other foreign automakers to dominate the global EV market while the North America industry risks falling behind.”

Correction: Battery pack assembly at the plant will be down the weeks of April 21 and April 28. A previous version of this article misstated a date.

Don’t miss these insights from CNBC PRO

How China’s exporters are scrambling to mitigate the impact of punishing U.S. tariffs
We trimmed our Wells Fargo price target after mixed earnings. But that’s not the whole story
Related posts
  • Related posts
  • More from author
Business

American Airlines no longer lets basic economy flyers earn miles

December 18, 20250
Business

Delta president Glen Hauenstein, who helped turn airline into industry profit leader, to retire in February

December 17, 20250
Business

Consumers are feeling gloomy about the economy. Here’s why they’re spending anyway

December 16, 20250
Load more
Read also
Finance

Visa says new AI shopping tool has helped customers with hundreds of transactions

December 18, 20250
Economy

Trust these numbers? Economists see a lot of flaws in delayed CPI report showing downward inflation

December 18, 20250
Earnings

Nike tops earnings estimates but shares fall as China sales plunge, tariffs hit profits

December 18, 20250
Business

American Airlines no longer lets basic economy flyers earn miles

December 18, 20250
Finance

Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon

December 17, 20250
Economy

Watch Fed Governor Christopher Waller speak on interest rates and the race to succeed Powell

December 17, 20250
Load more
    © 2022, All Rights Reserved.
    • About Us
    • Advertise With Us
    • Contact Us
    • Disclaimer
    • Cookie Law
    • Privacy Policy
    • Terms & Conditions