Let Gm compete without subsidies. Heck, let everybody compete without subsidies. Subsidies is government intervention into the markets.
Other than that, Trump and the government(s) should butt out.
Well they have 4 more billion now.
We should have never bailed them out. That was stupid. They let the labor unions ruin them then came begging.
BTW, their cars suck anymore IMO.
You mean we STILL have not cut off these retarded gubmint’ subsidies? WTF! There is no reason why taxpayers have to fork over their money to these Gaia-worshipping clowns who drive their stupid golf-carts they call a Prius.
Betcha I see part of the problem.
They need to make it the market on their own or die as a non feasible idea.
FYI, the USPS has been experimenting with electric vehicles continuously since 1910. Always a failure
Companies who do this to workers.. at Christmas time...
Trump knows there will be those thousands of workers in the mix of all this! jobs gone! The economy is up and they throw their monkey wrench into the mix... I don’t blame Trump for being upset with them.. and he’ll carry through with his threats!
I have a son who worked for Verizon for years, as a tech... they started laying off .. every 6 months they let a few thousand go.. kept that up for the past 3 years and today there are NONE of those workers (managers included) from that time period left. All of them are gone and Verizon is run by a whole new batch .. younger and less pay. But it’s a hard row to hoe when that many lose jobs. Especially at age 50 and above.
FWIW, Kanaduh and Ontario each coughed up billions for GM... Last year they wrote down at least $4.5 billion of that debt. Now Gonorrhea Motors is shuttering the Oshawa plant, costing 2,800 direct jobs and thousands of indirect jobs. The only possible good thing is that it may cost Turd-owe votes in ON next election.
Chances are that Turd-owe and his crony-capitalist Minister of Finance, Bill Morneau, will come up with more billions to keep Oshawa open until AFTER the election! After all, it’s only taxpayers’ dollars, so it’s there to be spent by Lieberals. The fact that it is bribing voters with their own money? Well, who cares! Kanajun voters are generally, pretty dim, so what Lieberal really cares?
The Impalas will now be extinct?
Lesson: Don't "save" a failing company
Why am I supporting GM..anyway?
'Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland. Nothing being closed in Mexico & China,' Trump tweeted Tuesday while a televised White House press briefing was going on.
'The U.S. saved General Motors, and this is the THANKS we get! We are now looking at cutting all @GM subsidies, including.... for electric cars,' he continued.
Once again, our president speaks for US!
GM has the choice of staying the American construction course, or facing American boycotts, btw.
Nobody is surprised.This will not end well for gubmint motors.Tough.
Can Mr Trump also reimburse the conservative GM dealerships that were torpedoed by Mr Obama?
The plants that are closing are the ones Barack insisted stay open due to mph requirements. People want SUVs and Crossovers and not the Dolt electric which they are closing.
Part of the bailout requirements.
The Cruz or whatever it’s called is being terminated due to crappy sales. What they should do is retrofit the plants in the US and move plants in Canada to the US.
But she’s a globalist and follows Obama’s orders as has been reported.
I’ve always been a Mopar guy, they always pay back.
Not happy my Challenger R/T is assembled in Canada, that needs to be brought back too.
GM has always been garbage quality.
GM killed their slowest selling, least profitable cars. This is what companies do. It’s called survival. I saw an analysis of why. It’s largely because of the fuel efficiency standards and how they are calculated into the fleet average. Take the same engine transmission and amount of metal and call it a truck, and it falls under different rules. As for closing those plants; a plant is a highly specialized machine that usually makes only the products its machines were specifically designed for. They can’t easily or cheaply be converted and, if sales don’t justify the money to convert, they will stay closed until sales improve and they are needed for added capacity. The market is no longer there. People who need cars have cars. There is fierce competition for those who want to buy a new car and in almost every case, the competition produces a more desirable product than GM. In my opinion, GM will no longer exist as it is today in a mere ten years. Obama’s rescue of GM hurt everybody involved except the Democratic party and the union.
As for the Volt, it has never sold well even when there were huge taxpayer paid incentives to buy it. It was a product the market didn’t want.
Much as I despise GM as a company, I don’t think this action would have been taken if it weren’t to counter government regulation. Ford recently did the same thing.
He threatened to yank subsidies for electric cars
Good! Those subsidies shouldn't exist at all, for anybody.
oshawa... outdated old plant..
lordstown, most militant union in all of GM
hamtramck... second most militant union in all of GM..
do not forget spring hill and flint are ramping up production and hiring like crazy