OUCH: GM to slash jobs and production as U.S. sedan sales sink.

GM plans to halt production next year at three assembly plants: Lordstown, Ohio; Hamtramck, Michigan; and Oshawa, Ontario. It will also stop building several models now assembled at those plants, including the Chevrolet Cruze, the Cadillac CT6 and the Buick LaCrosse. The Cruze compact car will be discontinued in the U.S. market in 2019.

Plants in Baltimore, Maryland, and Warren, Michigan, assembling powertrain components will have no products assigned to them after 2019 and are at risk of closure, GM said. It will also close two unidentified factories outside North America.

“We are right-sizing capacity for the realities of the marketplace,” Chief Executive Mary Barra said, adding that GM will double resources dedicated to electric and self-driving vehicles over the next two years.

Cost pressures on GM and other automakers and suppliers have increased as demand has waned for traditional sedans.

It looks like Ford was ahead of the curve.