Even after consecutively reporting strong third-quarter financial results, General Motors Co. is offering buyouts to 18,000 salaried employees in North American to invest in new technology and brace for an economic downturn that may be caused by steel tariffs. The Detroit News reports:
The Detroit automaker notified employees of the voluntary severance program Wednesday, shortly after it released strong third-quarter financial results, with a 10.2-percent profit margin on earnings of $2.8 billion in North America alone last quarter.