Trump Slams Ungrateful GM, Threatens to Cut Off Subsidies After Plant Closures

Trump backs potential new auto import tariffs

General Motors on Monday announced it will cut up to 14,000 workers in North America and put seven plants up for possible closure worldwide as it abandons many of its auto models and restructures to focus more on autonomous and electric vehicles.

Trump says he's being very tough on GM chief executive officer Mary Barra. A day earlier, Trump issued a vague threat to GM warning it to preserve a key plant in the presidential bellwether state of OH, where the company has marked its Lordstown plant for closure. At a rally near GM's Lordstown plant last summer, Trump told people not to sell their homes because the jobs are "all coming back".

GM on Monday announced it will close five factories in North America and lay off almost 15,000 workers.

Meanwhile, GM's Barra said Monday the company will be investing in autonomous and electric vehicle technology.

"We think it's appropriate to do it at a time, and get in front of it, while the company is strong and while the economy is strong".

GM on Monday announced it would cut six gas-powered auto models as part of a plan to close factories and cut costs so it can spend more on electric and autonomous vehicle development. Some 75 percent of its global sales will come from just five vehicle architectures by the early 2020s.

More news: Here's How You Can Make Your Own Ugly Red Dead Online Character

Senator Rob Portman said in a press release that he asked GM to commit to bringing a new product to the plant.

Work on six-speed transmissions made at the Warren, Michigan, transmission plant would stop August 1, while the Baltimore transmission plant would stop production April 1, GM said. In October, nearly 65 percent of new vehicles sold in the USA were trucks or SUVs.

GM said it would end production at five North American plants, including Lordstown, Ohio, and cut 15 percent of its salaried workforce.

GM's actions add up to the biggest restructuring for the US No 1 carmaker since its bankruptcy a decade ago, and mark a turning point for the North American auto industry.

"More and more Trump voters are on to him", Brown, who has said he's considering a run for president in 2020, told MSNBC.

But those expansions aren't enough to accommodate all of the roughly 3,300 USA factory workers who could lose their jobs. She said the company could increase its investments in electronic and autonomous vehicles.

More news: Meghan's mum Doria 'moving in with her and Harry'

White House economic adviser Larry Kudlow explained to reporters on Tuesday that Trump and Canadian Prime Minister Justin Trudeau were "disappointed" in the decision - despite the new USMCA trade deal that was reached. He said he had talked to Barra and informed her that "this country's done a lot for General Motors" and that the company needed to "get back in there soon".

GM declined to immediately comment.

"We'll work with GM to see if anything can be done to preserve a future for the plant and in the meantime, we've set up a jobs center to help employees find new work as quickly as possible", Kasich said. Some UAW workers could land jobs at other GM factories, but many will face uncertain futures unless GM reverses course. However, that subsidy ends after 200,000 electric vehicles are sold by a company.

The second-largest domestic automaker had already scrubbed plans for a second assembly line in Mexico past year due to declining passenger vehicle sales. Now the full-electric Chevrolet Bolt can go up to 238 miles on a single charge.

Trump was particularly frustrated with the prospects of a possible closure of a GM plant in OH, according to a transcript of the interview. Also, GM imports the Buick Envision midsize SUV from China.

More news: Cavaliers release statement on JR Smith situation

Related News:



Most liked

Manafort lied after pleading guilty, Mueller's team says
Prosecutors dismissed bank fraud charges as part of the deal - charges that could possibly be refiled. He avoided a second criminal trial in DC by pleading guilty to conspiracy charges.

‘We have not forgotten’: Mumbai police pay tribute to 26/11 victims
The US has declared a $5 million reward for any information which would facilitate the arrest and conviction of India's culprits. "On the ten-year anniversary of the Mumbai terror attack, the U.S. stands with the people of India in their quest for justice".

Trump takes transgender troops case to court
Supreme Court to issue an unusually quick ruling into the military's policy of restricting military service by transgender people. It also specifies that people without the condition can serve but only if they do so as the sex they were assigned at birth.

Target Cyber Monday Deal: Save 15 Percent on Almost Everything
Electronics tend to take the spotlight on Cyber Monday , said Sarah Hollenbeck, a shopping and retail expert at BlackFriday.com. The Apple Store may not be worth it: The Apple Store is bundling gift cards when you buy older models at full price.

Prince Harry and Duchess Meghan are moving to Windsor
However it's not ready for them to move in straight away, as it's now divided into five separate units for palace staff to reside. The Duke and Duchess held their wedding party at nearby Frogmore House, following their marriage in St George's Chapel, Windsor.

Pakistan minister says Chinese staff ‘all safe’ after attack on consulate
One of their tweets claiming the attack read: " Karachi: FIdayeen of BLA attacked the Chinese embassy in Karachi". The port city of Karachi, where the attack took place, is Pakistan's largest city and a financial hub.

Nittany Lions No. 12 In Latest College Football Playoff Rankings
UCF moved ahead of West Virginia (which dropped to No. 13 after losing at Oklahoma State ) and leapfrogged Ohio State. The week kicks off early with Oklahoma against West Virginia and Washington against Washington State on Friday night.

Maurizio Sarri reveals why David Luiz dodged ball for Harry Kane's strike
Chelsea looked second best, and were punished again when Son Heung Min scored Spurs' 3rd goal of the evening. But if Kante was in Jorginho's shoes in that situation, there is no way that Son is scoring that goal .

Canada should suspend arms exports to Saudi Arabia, says former Trudeau adviser
The two men spoke on the phone in late October but that would be the first face-to-face encounter since the murder. Saudi Arabia has held 21 people in custody over the murder but shielded the powerful crown prince.

40 million with diabetes could be without insulin by 2030
Not all diagnosed with type 2 diabetes, however, will need insulin; only 79 million people by 2030 would need to take insulin. Africa and Asia are the continents which will be hit worst by unmet insulin needs, if access remains at current levels.

Neymar picks up apparent groin injury during Brazil friendly
Brazil team doctor Rodrigo Lasmar also said it did not appear to be a serious problem. Information from Julien Laurens, Adriana Garcia and Reuters was used in this report.

On Thanksgiving, Trump threatens to shut down the border
Mr Trump also continued to rail against the 9th US Circuit Court of Appeals, which he said has become "a big thorn in our side". But it's unprecedented in modern history for a chief justice to challenge a president's comments.

Trump’s lawyer says Trump won’t answer Mueller’s obstruction-of-justice questions
The US president strongly denies any collusion with Russian Federation , calling Mr Mueller's investigation "a witch hunt". Mueller could theoretically still try to subpoena the president if he feels the answers are not satisfactory.

Prince Harry and Meghan Markle Dazzle During Date Night at the Theater
Aside from the book, Jo handed Meghan a teddy bear and gift bag, which were tied up in a yellow ribbon. In 2015, Markle revealed that she successfully managed to roast a handsome turkey for Thanksgiving.

Trump defends Ivanka’s use of personal email
Approximately 31,000 emails were also deleted-and never recovered -from Clinton's server following a congressional subpoena. Lowell helped sort out what e-mails qualified as official records that needed to be kept for posterity, The Post reported .