GM cutting jobs, idling Canadian electric van plant due to 'market demand'
1. GM is cutting BrightDrop van production, reducing shifts and jobs. 2. The Canadian CAMI facility will be idled for approximately 20 weeks. 3. BrightDrop's expected revenue of $1 billion for 2023 likely unmet. 4. Production adjustments are due to low market demand, not tariffs. 5. Potential setbacks for GM could benefit foreign EV competitors.