Price hikes and demand for vehicles have helped automakers counter inflationary headwinds. GM posted higher-than-expected first-quarter earnings last week and raised its full-year profit and cash-flow forecasts.
Chrysler parent Stellantis NV last week said it is offering voluntary exit packages to 33,500 employees as it looks to streamline North American operations.
The offers cover 31,000 hourly workers and about 2,500 salaried workers. Stellantis did not say how many total jobs it is looking to eliminate. It is also offering some employees in Canada voluntary buyouts.
Ford Motor Co. recently announced significant job cuts in Spain, Germany and other parts of Europe, and in August said it would cut a total of 3,000 salaried and contract jobs, mostly in North America and India.
