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President Donald Trump said he was "very disappointed" that General Motors is closing factories in the United States and warned that the White House was seeking to remove all GM subsidies.
President Trump launched on Twitter a day after GM's announcement of the closure of five plants and the removal of 14,000 jobs in North America, a number of job cuts from the Midwest, where the President promised a renaissance of the manufacturing sector.
President Trump said he was "very disappointed with General Motors and its general manager, Mary Barra, to have closed factories in Ohio, Michigan and Maryland. Nothing is closed in Mexico and China ".
…. for electric cars. General Motors made a big bet in China a few years ago, when they built factories there (and in Mexico) – do not believe this bet will pay off. I am here to protect American workers!
– Donald J. Trump (@realDonaldTrump) November 27, 2018
And, referring to the bailout of the auto industry by the federal government in 2008, President Trump angrily continued, "The United States has saved General Motors, and we are delighted! We are currently considering removing all @GM subsidies, including for electric cars. General Motors made a big bet in China a few years ago, when they built factories there (and in Mexico) – do not think this bet will be profitable. I am here to protect American workers!
President Trump's tweet was published shortly after National Economic Council director Larry Kudlow said the White House's reaction was "a huge amount of disappointment that could even escalate into anger."
Mr. Kudlow, who met with Ms. Barra on Monday, said that President Trump had felt betrayed by GM, which the government had been trying to help.
"Look, we have reached this agreement, we have worked with you during our process, we have also taken action regarding mileage standards, for example, and other related regulations," said Mr. Kudlow. .
"We did this to help you and I think his disappointment is that it seems like they've somehow turned their backs on him."
Buyers of electric vehicles manufactured by GM and other automakers benefit from a federal tax credit of up to $ 7,500 (£ 5,900), which helps to reduce the price, which makes it more affordable. Encourages the use of more zero-emission vehicles.
GM announced Monday the removal of six models of gasoline cars as part of a plan to shut down factories and cut costs in order to devote more money to the development of electric vehicles and autonomous.
These reductions could represent up to 8% of GM's 180,000 employees worldwide.
– Press Association
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