President Trump suggests measures to protect domestic vehicle production

President Trump suggests measures to protect domestic vehicle production

The moves come as President Donald Trump puts pressure on the automaker by threatening to cut subsidies after the announcement Monday the company is cutting 14,700 jobs across the board and "unallocating" the Lordstown plant, as well as two other plants in MI and Ontario.

"Instead of giving companies tax breaks to shut down American factories and lay off workers, why haven't you supported the American Cars American Jobs Act?" Big Steel is opening and renovating plants all over the country.

After President Trump's public displeasure of the move and other politicians upset, General Motors released a statement touting its track record and accomplishments in the United States.

"We are going to be looking at certain subsidies regarding electric cars and others and whether they should apply or not", Larry Kudlow, director of the White House National Economic Council, told reporters Tuesday, just before Trump's Twitter postings.

White House press secretary Sarah Huckabee Sanders did not elaborate as to what cuts could be enacted.

It's also hard, if not impossible, for Trump to overcome the dynamics that are driving companies to choose robots over humans, discontinue brands and close plants. "We're not going to rest until GM fills every plant in the country that's idled with work and workers". The company said it was forced to pass those costs to customers by raising prices, a move that battered sales and resulted in a profit warning and a steep slide in shares.

Numerous workers who will lose jobs if the plants close could transfer to another GM factory where production is being increased, spokesman Patrick Morrissey said.

Earlier this week, Trump said he told GM CEO Mary Barra that she should quit making cars in China and open a new plant in OH to replace the one in Lordstown, which is ending production, the Wall Street Journal reported.

PSG v Liverpool: Fireworks charges brought against French champions by Uefa
Dejan Lovren thus, continues at the heart of the Liverpool defence, with Virgil van Dijk being his partner. Substitutes: Alves (5), Choupo-Moting (6), Rabiot (N/A).

Death Toll In California Fire Rises To 87
Crews are sifting through ash and debris looking for human remains while also trying to fix power, telephone and gas utilities. In Northern California, the searchers tried to keep their minds on the task rather than the tragic situation.

Imran rakes up Kashmir issue at Kartarpur, India reacts sharply
The Indian delegation also comprised Minister for Food Harsimrat Kaur Badal and Minister for Housing Hardeep S Puri. The Gurdwara was home to Guru Nanak Dev, one of the leaders of the faith for 18 years and he died there in 1539.

Commenting on the decision, GM said that it made the decision because of a decline in auto sales. In August, U.S. Steel also said it was upgrading its Gary, Indiana plant.

GM, Tesla Inc. and Nissan Motor Co. formed a coalition earlier this month to lobby to have the purchase subsidy extended.

Escalating the dispute further with his statement, Lighthizer said, "China's aggressive, state-directed industrial policies are causing severe harm to U.S. workers and manufacturers".

Keeping open a plant slated for closure is not without precedent for GM.

The reductions could amount to as much as 8 per cent of GM's global workforce of 180,000 employees. The company hopes to save $6 billion in the largest restructuring since its bankruptcy ten years ago.

GM is also responding to a consumer shift away from sedans in favor of trucks and SUVs.

Through October, the USA imported more than 13 percent less steel compared with a year ago, while Europe has imported more than 10 percent for a record high, according to the Wall Street Journal, citing the European Steel Association. The United States slapped an additional 25 percent tariff on Chinese-made vehicles earlier this year, prompting China to retaliate.

Related Articles