Posted on 11/27/2018 3:32:57 PM PST by TBP
President Donald Trump threatened on Twitter to end government subsidies for General Motors in retaliation for layoffs the company announced Monday.
What layoffs? General Motors announced that it would be laying off 14,700 workers, including 6,000 factory workers, and closing down four plants in the United States and one in Canada.
While GM, and other car companies, have spoken out against rising production costs caused by the Trump administrations protectionist tariffs, a spokeswoman for the company told TheBlaze that the layoffs and plant closures are being made as part of our ongoing transformation and are not related to recent trade or tariff decisions.
On a conference call, GM CEO Mary Barra said that the company is taking this action now while the company and the economy are strong to keep ahead of changing market conditions.
Barra said that the goal was to make the company more efficient. GMs stock rose 5.5 percent after this announcement.
(Excerpt) Read more at theblaze.com ...
While we’re paying back the tax payers, how about my damn bond confiscated by O’dungo for these crap builders. I bought one their turbo charged Buicks and it fell apart at 24000 miles.
He needs to end this kind of funding to all companies. With current technology electric cars are not as efficient as Gas powered vehicles, and they are creating a Lithium waist field.
Government needs to back clear away from several things they are now involved in, the auto business being one of them. Let them build what the public wants or just cease to exist. Same goes for the “renewable energy” businesses.
There’s the rub - when one is taking ‘gifts” from the government, one must expect strings to be attached....if they hadn’t been aptly rebranded as “Government Motors” I would heartily agree with your being conflicted..
I think my late Father’s favorite adage applies here, “You are only enslaved to the extent of charity that you receive.”
Subsidies needed to have been cancelled two years ago.
Equipment is fungible. Ship it back to the US by rail and make GM trucks in the US. Full stop.
You can’t make the USG a partner in your business and not expect them to have a vote. Especially if they are ONGOING partners through subsidies.
They shouldn’t hvae been subsidized in the first place.
Agree.
But Trump just backed them into a corner. Trump is standing up for the union guys and backing electric cars!
What will the democrats do?
LOL
I love Trump.
There are lots of 4 door sedans out there, they just aren’t gm products. This was a political move to attack the Trump Presidency make at Christmas time to make it really hurt.
Exactly the GM bimbo was sjw signalling. She is saying she is shutting down production factories to make room for research facilities. WTF? We won’t be selling anybody anything but we will be making up for it by research!
Exactly the GM bimbo was sjw signalling. She is saying she is shutting down production factories to make room for research facilities. WTF? We won’t be selling anybody anything but we will be making up for it by research!
Meet the new GM....
Same as the old GM....
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