Updated at 3:16 p.m. ET
General Motors says it plans to cease production of some models at three vehicle assembly plants in the U.S. and Canada in 2019. It also plans to cut production at two plants in the U.S. that make transmissions. The company said the moves are part of an effort to cut 15 percent of its workforce.
It’s part of a major restructuring that will prioritize the company’s electric and autonomous vehicle programs.
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