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Donald Trump has threatened to cut back on subsidies given to General Motors after the biggest US automaker announced the closure of factories in America and the layoff of thousands of workers.
The US President tweeted: "Very disappointed with General Motors and their CEO, Mary Barra, for the closure of factories in Ohio, Michigan and Maryland.
"Nothing is closed in Mexico and China.
"The United States has saved General Motors and we are delighted that we are now considering removing all @GM subsidies, including …"
General Motors and their CEO, Mary Barra, are very disappointed to have closed factories in Ohio, Michigan and Maryland. Nothing is closed in Mexico and China. The United States saved General Motors and that's the THANK YOU! We are now looking to cut all @GM grants, including ….
– Donald J. Trump (@realDonaldTrump) November 27, 2018
"… for electric cars, General Motors made a big bet years ago by building factories there (and in Mexico), do not believe this bet is going to pay in. I'm here to protect the workers Americans! "
General Motors and their CEO, Mary Barra, are very disappointed to have closed factories in Ohio, Michigan and Maryland. Nothing is closed in Mexico and China. The United States saved General Motors and that's the THANK YOU! We are now looking to cut all @GM grants, including ….
– Donald J. Trump (@realDonaldTrump) November 27, 2018
GM electric vehicles are eligible for a $ 7,500 (£ 5,848) tax credit under federal law.
White House spokeswoman Sarah Sanders told reporters on Tuesday that the president was looking at different options.
"The president wants American companies to build cars here in America and not abroad and he hopes GM will continue to do that here," she said.
On Monday, GM announced the layoff of 14,000 workers in North America and the potential closure of five plants due to the shutdown of some of its unpopular cars.
This comes as the auto giant restructures to reduce costs and focus more on electric and autonomous vehicles.
The US Treasury invested $ 51 billion in GM just after the financial crisis. In December 2013, he had recovered $ 39.7 billion from his investments.
GM shares, which fell more than 10% this year, dropped more than 3% on Trump's tweets.
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