GM to cut jobs at international headquarters, report says

GM will slash headcount at its international headquarters in Singapore as part of efforts to reduce exposure to unprofitable and unpromising markets, Reuters reported.

| UPDATED: 5/17/17 4:17 pm ET - adds stock close
| UPDATED: 5/16/17 10:08 am ET - adds details
Ford plans to cut global work force by 10%, reports say

Ford is preparing major cuts to its worldwide work force amid renewed efforts to hike profits and address the company's falling share price, The Wall Street Journal and Reuters reported, citing people briefed on the move.