General Motors Co. will cut more than 14,000 salaried staff and factory workers and close seven factories worldwide by the end of next year, part of a sweeping realignment to prepare for a future of electric and self-driving vehicles…
The Detroit-based company’s shares surged on the plan, which includes abandoning some of its slower-selling sedan models.
GM jumped as much as 7.9 percent to $38.75, the highest since July, as of 12:20 p.m. in New York trading.