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The total includes 3,400 workers that were furloughed over the summer at its Factory Zero plant in Detroit, where the electric Chevrolet Silverado, GMC Sierra and Hummer EVs are made.

Tariffs have added costs that automakers mostly have not offset with higher prices, and they are reining in investments for EVs that are selling slowly as the government eliminates incentives.

GM and Stellantis will be forced to pay tariffs on some U.S.-made vehicles they import for sale in Canada, after the companies decided to reduce assembly-line work at Ontario factories.

GM plans to release a Cadillac Escalade IQ electric SUV that, when on the highway, allows drivers to go hands- and eyes-free, the company announced Oct. 22.

The automaker is stopping the assembly line that made BrightDrop vans in Ontario. Its future was in doubt after GM announced in April it would halt production for months because of weak demand.

CEO Mary Barra thanked President Donald Trump for extending through 2030 a tariff discount on some imports for carmakers that produce and sell completed automobiles in the U.S.

GM agreed in 2022 to buy nickel supplies from Brazilian miner Vale as part of a strategy to build up its battery supply chain for EVs, but the pause has meant cancellation of the project. 

GM Financial’s private deal is notable because the car manufacturing and finance giant is one of the best-known borrowers in public bond markets.

GM warned that it may take additional hits as it adjusts production, with non-cash charges potentially impacting operations and cash flow in the future.

GM will give about $6,000 of its own cash for lease support and to keep EV sales going.