GM's October 2nd Troubles: Recalls, Layoffs, and Market Jitters
Update: 2025-10-02
Description
GM Hit with Recall and Layoffs: Shares Dip! General Motors faces a double whammy, recalling 23,000+ Chevy Equinox EVs for insufficient pedestrian alert sounds and laying off 900 workers at its Fairfax plant to retool for gas-powered models. The news sent GM stock down nearly three percent amid investor concerns about safety, policy changes, and the company's EV strategy. Despite the setback, GM's stock remains up 16% year-to-date, leaving investors cautiously optimistic as they monitor the automaker's next moves.
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