Tech Discovery: Automotive start-up Byton

General Motors, the largest automaker in the US, has announced that it plans to close five of its manufacturing plants — slashing around 14,000 jobs in North America.

The reason the car giant plans to stop selling some of its low selling car models, instead focusing and restructuring its resources on electric and autonomous vehicles.

GM’s move signals an affirmation in the new era in car production with the likes of Tesla, and new startups in the electric car space competing for market share.

Meet Byton — a 3-year-old startup in the automotive space positioning itself to be a possible competitor to the likes of Tesla.

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  • Mario
    28 November 2018 at 3:53 pm - Reply

    GM received subsidy, bail out money from US taxpayer. As of today GM losses as $11.2 Billion, up from $10.3B on 4-30-14.GM CEO decided to shut down 3 plants (Ohio,Michigan,Maryland)Canada shut down also,except plant in China and Mexico. TRUMP not happy; said US economy is good, he Trump created 4.5M jobs and 400K manufacturing jobs and 1,000 manufacturing company are back. TRUMP Blamed GM CEO MARRY BARRA, highest paid CEO $22 Million a year salary, for lack of foresight, SHE said consumers buys SUV, Truck and Tech Car(electric)for small cars. GM is the pioneer on Tech car VOLTS, but their small cars are not selling. TRUMP threatened GM if they leave and abandoned 14,000 workers, said will cut off all Federal Subsidy. Also will imposed 25% BORDER TAX on GM cars made from Mexico & China.The 25% Border Tax means income for US, and no more/less profit for GM, therefore, they will be force to bring back home their plant from China and Mexico.

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