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5 reasons why GM is cutting jobs, closing plants in a healthy economy

DETROIT — Even though unemployment is low, the economy is growing and U.S. auto sales are near historic highs, General Motors is cutting thousands of jobs in a major restructuring aimed at generating cash to spend on innovation. It's the new reality for automakers that are faced with the present cost of designing gas-powered cars and trucks that appeal to buyers now while at the same time preparing for a future world of electric and autonomous vehicles. GM announced Monday that it will cut as many as 14,000 workers in North America and put five plants up for possible closure as it abandons many of its car models and restructures to focus more on autonomous and electric vehicles. The reductions could amount to as much as 8 percent of GM's global workforce of 180,000 employees. The cuts mark GM's first major downsizing since shedding thousands of jobs in the Great Recession. The company also said it will stop operating two additional factories outside North America by the end of next year. The move to make GM get leaner before the next downturn likely will be followed by Ford Motor Co., which also has struggled to keep one foot in the present and another in an ambiguous future of new mobility. Ford has been slower to react, but says it will lay off an unspecified number of white-collar workers as it exits much of the car market in favor of trucks and SUVs, some of them powered by batteries. Here's a rundown of the reasons behind the cuts: Coding, not combustion CEO Mary Barra said as cars and trucks become more complex, GM will need more computer coders but fewer engineers who work on internal combustion engines. "The vehicle has become much more software-oriented" with millions of lines of code, she said. "We still need many technical resources in the company." Shedding sedans The restructuring also reflects changing North American auto markets as manufacturers continue to shift away from cars toward SUVs and trucks. In October, almost 65 percent of new vehicles sold in the U.S. were trucks or SUVs. That figure was about 50 percent cars just five years ago. GM is shedding cars largely because it doesn't make money on them, Citi analyst Itay Michaeli wrote in a note to investors. "We estimate sedans operate at a significant loss, hence the need for classic restructuring," he wrote. The reduction includes about 8,000 white-collar employees, or 15 percent of GM's North American white-collar workforce. Some will take buyouts while others will be laid off.

Chevy Silverado Special Ops will go into limited production

Remember the Special Ops edition Silverado? Chevy showcased it as a show truck at SEMA last month. And now it's going into limited production, and proceeds will support the National Navy SEAL Museum. The special pickup was based on a Silverado 1500 in Z71 spec and done up with a special three-tone paint job inspired by the camouflage used on 20th-century warships. Known as Razzle Dazzle, the camo was designed to disguise a ship's form and movements from enemy vessels. Chevy also fitted the show truck with a sport bar, off-road LEDs, lower- and under-body reinforcement, and flared wheel arches packing special 20-inch wheels. Following its debut at SEMA, former GM chairman Dan Akerson (a US Naval Academy alum) and retired Navy SEAL Master Chief Rick Kaiser presented the concept truck at the 116th Army-Navy football game this past weekend. Chevy hasn't said just how many it will build and at what price, but production is slated to be "limited," going on sale in the spring. Related Video: Chevrolet Salutes Special Forces During Army-Navy Game 2015-12-10 - Special Operations Silverado will support National Navy SEAL Museum - Partners with the USX Mt. Everest Team to raise Post Traumatic Stress Disorder awareness - GM Military Discount expands to include all veterans PHILADELPHIA – For the sixth consecutive year, Chevrolet is the official vehicle sponsor of Saturday's Army-Navy Game. During the game, Chevrolet will honor military service men and women, particularly its special forces. Former General Motors Chairman and CEO Dan Akerson, a U.S. Naval Academy graduate, will join retired U.S. Navy SEAL Master Chief Rick Kaiser, executive director of the National Navy SEAL Museum, to salute the special forces during the presentation of a Chevy Silverado Special Ops Concept vehicle at the game. The limited production version is expected to go on sale next spring. Chevrolet will donate a portion of the proceeds from each Special Operations Silverado sold to benefit the Navy SEAL Museum. "The partnership will also help us aid the families of fallen, injured and active duty Navy SEALs through the efforts of our Trident House and scholarship programs," said Kaiser. Founded in 1985, the museum honors the service and legacy of the U.S. Navy SEALs. Located in Ft. Pierce, Fla., the museum and memorial are recognized as the birthplace of the Navy SEALs.

Sunday Drive: Performance comes in many shapes and sizes

The Chevrolet Corvette has always stood out as a bastion of reasonably priced performance, and the latest 'Vette has that in spades. And while its expected starting price of around $120,000 certainly isn't cheap, it's an undeniable deal in the supercar world – remember, this thing'll do 210 miles per hour thanks to its 755-horsepower supercharged V8 engine. And did you get a load of that massive rear wing? Team Corvette's longtime foe, the Porsche 911, is similarly hellbent on ultimate performance. And as a reminder of how long the Corvette/911 rivalry has been melting tires we present the 1990 Porsche 911 as reimagined by Singer you see below. It's beautiful, it's green, and it's packing 500 air-cooled horsepower. You don't have to burn gasoline to go fast, as proven by the second-generation Tesla Roadster, which was revealed as a surprise late last week. Elon Musk says it'll be the quickest car in the world with a 0-60 time of just 1.9 seconds. And while you may not think of a semi truck when you think speed, the Tesla Semi can do 0-60 in 5 seconds flat unloaded, or in 20 seconds with a load of 80,000 pounds. Compared to today's crop of diesel semis, that's amazing. Continuing the truck theme, we present an artists rendering of what the next-generation Ram 1500 pickup may look like. Spoiler alert: Ram's mini-semi look is giving way to something much more modern. There may even be a first-of-its-kind split tailgate at the rear. And if you don't think the Ram 1500 has anything to do with performance, we should remind you that it's one of the cheapest ways to get a tire-shredding Hemi V8 engine in America. 2019 Chevy Corvette ZR1: All hail the 755-horsepower C7 king This is the first Porsche 911 to get Singer and Williams' 500-horsepower engine Tesla Roadster surprise reveal | 'Quickest car in the world' Tesla Semi Truck revealed: Here are the key details This could be the next-generation 2019 Ram 1500 2019 Ram 1500 spotted with split tailgate