![]() The switch is requiring more research and development spending on both types of vehicles, as well as huge capital outlays for battery factories and updating assembly plants, as well as spending to get scarce metals needed for EVs. GM has a goal of selling only electric passenger vehicles by 2035. The decision to offer buyouts comes at an uncertain time for the auto industry, which is in the midst of a transition from internal combustion to electric vehicles. Watch your favorite primetime and daytime NBC News and MSNBC shows, and listen to a live audio feed of MSNBC with no login required. Offers will go to white-collar workers with at least five years of service, and global executives who have been with the company at least two years. Watch NBC News NOW in the app for 24-hour news coverage, special reports and live streams of current events, and stay up-to-date when news breaks with our live blogs. CEO Mary Barra told analysts in January that GM doesn’t wasn’t planning for any layoffs. The company says the offers also are designed to avoid any possible firings at a later date. GM has about 58,000 salaried workers in the U.S. The Detroit automaker wouldn’t say how many workers it is targeting, but confirmed that the move is aimed at accelerating attrition to meet a previously announced goal of $2 billion in cost cuts by the end of next year. salaried workforce and some global executives in an effort to trim costs as it makes the transition to electric vehicles. ![]() DETROIT (AP) - General Motors is offering buyouts to most of its U.S. ![]()
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