Trump threatens with General Motors withdrawal grants



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President Trump threatens to remove all subsidies granted to American automaker General Motors. He is unhappy with GM's decision to shut down factories that have cost thousands of people their jobs.

On Twitter, Trump points out that the country has kept society alive during the crisis years. "The United States has saved General Motors and we are grateful to them." We are now considering removing all GM subsidies, including those for electric cars. "

The President is also unhappy that the company is only present in the North American factories are closing, not in Mexico and China." I am here to protect American workers. "

Decline price

GM yesterday announced the closure of four plants in the United States and one in Canada, mainly because of the collapse in the demand for small cars, with 15,000 people in the street

In response to Trump's tweets, the company announces that she is grateful to the government for all the support received so far.In addition, GM points out that it remains clearly present in the United States It is expected that the company will expand again in the long term, a statement said.

Trump's threatening tweets immediately drove down GM's price on the trading platform. yielded more of 3% on Wall Street.

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