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In response to General Motors' (GM) drastic austerity plan, US President Trump has threatened the builder to remove subsidies.
9:05 pm, November 27, 2018
In response to General Motors' (GM) North American plant closure plans, US President Donald Trump The automaker has threatened to cancel the grants. His government is currently reviewing all government subsidies to GM, including those for electric cars, Trump told Twitter's Twitter briefing on Tuesday.
GM announced Monday that it would cut 15% of its jobs and close seven plants next year, including four in the United States. For Trump, it means a serious setback. He is committed to preserving industrial jobs in the United States. "I'm here to protect American workers!", He tweeted.
GM decision "very disappointed"
Trump said he was "very disappointed" by GM's decision. He pointed out that, although the group wants to close factories in the US states of Maryland, Michigan and Ohio, none in China and Mexico.
The US President recalled that after the 2008 financial crisis, President Barack Obama's government had rescued GM from the large-scale relief program. "(…) and that's the thank you we receive!" he wrote.
Already the day before, Trump had expressed his indignation at GM's plans. He reported that he had spoken "very loudly" to CEO Mary Barra about saving plans.
Transitional market conditions
Barra had justified radical restructuring and austerity plans by "changing market conditions". In the future, GM will focus on producing the most popular SUVs and off-road trucks in the United States.
The group also wants to promote the development of autonomous vehicles and electric cars. On the other hand, the company wants to reduce the production of small and medium clbadic cars.
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