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GM laying off more than 4,000 workers Monday morning

According to reports from Automotive News, The Detroit News, and CNN, General Motors plans to begin laying off more than 4,000 salaried workers starting Monday morning. In a statement to AN, a spokesperson for the automaker said, "We are not confirming timing. Our employees are our priority. We will communicate with them first." We've been expecting layoffs at General Motors since November, 2018. At the time, the Detroit-based automaker announced it would seek to shed 8,100 salaried employees, shut down five assembly plants in North America, and kill off several slow-selling models. One month earlier, GM offered buyout packages to 18,000 workers and said it would seek to cut its global workforce by 25 percent. A spokesperson said at the time the moves were "proactive steps to get ahead of the curve by accelerating our efforts to address overall business performance." The cost-cutting moves are expected to save GM up to $2.5 billion in 2019 and as much as $6 billion by 2020. David Kudla, CEO and chief investment strategist of Mainstay Capital Management, referred to the impending culling as "Black Monday" and told The Detroit News that the layoffs would begin around 7:30 a.m. and continue in waves throughout the coming days and weeks. GM plans to deliver on its fourth-quarter and full-year 2018 earnings report on Wednesday. President Donald Trump plans to deliver the annual State of the Union address a day earlier on Tuesday. We expect to hear plenty more from both sides over the next several days.

Cadillac SRX production moving to TN, next-gen Equinox going to Mexico

It's a good week for the town of Spring Hill, TN, as General Motors has announced that its factory in the city of 31,000 will receive a $185 million contract to produce engines. On top of that, the next-generation Cadillac SRX crossover will be built at the factory (NA models are presently built in Ramos, Arizpe Mexico), which was once famous for being the home of GM's now-defunct Saturn brand.
The factory is one of GM's six facilities around the globe that will screw together the company's new line of three- and four-cylinder Ecotec engines. Spring Hill currently builds the 2.0-liter, turbocharged Ecotec, as well as the naturally aspirated 2.4 and 2.5-liter variants.
Spring Hill's vehicle assembly lines were idled in 2009, but were reactivated in 2011. The SRX is just one of the products meant to benefit from last year's $350-million investment, and should have a positive impact, creating or retaining around 1,800 positions at the factory.

2019 Cadillac XT5 Sport package isn't really that sporty

Between the just revealed XT6 three-row crossover and last year's XT4 compact, the stalwart midsize XT5 has been a bit neglected. But Cadillac is giving it a little love at the Chicago show with the introduction of the Sport package. Don't get too excited, though, because this package is just a trim group. Outside, the XT5 with the Sport package gets a black grille, LED lights all around, and the rear lights have clear lenses. These design cues line up with the existing Sport trims on the XT4 and XT6. The new lighting and trim are complemented by 20-inch dark gray wheels and side steps. Inside, buyers get a choice between an all-black or black and gray upholstered interior with diamond-cut aluminum trim and aluminum pedals. And that's all the package adds. The suspension isn't retuned. The 3.6-liter V6 still makes 310 horsepower and 271 pound-feet of torque. But if the looks are enough for you, you'll be able to add the package to either the Luxury or Premium Luxury trim levels, which sit between the base XT5 and top-level Platinum. Related Video: