Thread: Donald Trump Threatens Subsidies for General Motors after Closing U.S. Car Plants

Donald Trump Threatens Subsidies for General Motors after Closing U.S. Car Plants


President Donald Trump ripped General Motors CEO Mary Barra for closing car plants in Ohio, Michigan, and Maryland, threatening their government subsidies.

“Nothing being closed in Mexico & China,” Trump wrote on Twitter. “The U.S. saved General Motors, and this is the THANKS we get!”

Trump said he would discuss cutting subsidies for General Motors in response to the news.

We are now looking at cutting all General Motors subsidies, including for electric cars,” he wrote. The news sent General Motors stock shares into a tailspin, despite earning as much as five percent in trading after the closures were announced on Monday.

Trump scolded General Motors for investing in China and Mexico rather than the United States.

“General Motors made a big China bet years ago when they built plants there (and in Mexico) – don’t think that bet is going to pay off,” he wrote. “I am here to protect America’s Workers!”

White House economic adviser Larry Kudlow explained to reporters on Tuesday that Trump and Canadian Prime Minister Justin Trudeau were “disappointed” in the decision — despite the new USMCA trade deal that was reached.

“There is disappointment that it seems like GM would rather build its electric cars in China rather than the United States,” Kudlow said, confirming that the administration was looking into cutting subsidies for the company.

Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland. Nothing being closed in Mexico & China. The U.S. saved General Motors, and this is the THANKS we get! We are now looking at cutting all @GM subsidies, including….
— Donald J. Trump (@realDonaldTrump) November 27, 2018

….for electric cars. General Motors made a big China bet years ago when they built plants there (and in Mexico) – don’t think that bet is going to pay off. I am here to protect America’s Workers!
— Donald J. Trump (@realDonaldTrump) November 27, 2018




https://www.breitbart.com/politics/2...ng-u-s-plants/

Scumbag globalists.

It's disgusting. I think it's a ploy by GM to gain leverage against the UAW next year during contract negotiations. GM said that depending on how that goes, they will re-open or keep open and convert 2 of the US locations with new products. As to their electric vehicles they want to make in China, that's fine so long as they sell them all there. If they want Americans to buy their electric vehicles, they better make them in the US and advertise them made in the US. They also will need to figure out how to convince an American to buy a car they can't refuel at a gas station and have to be out of pocket over $6,000 for a new battery if and when it fails.

Also, the only reason GM doesn't sell more cars is because they haven't had a decent consumer-inspiring corporate advertising program in over 25 years. They might get with Madison Avenue and hire a new company to handle their advertising and public relations programs. They've both sucked for decades. The ads are so stupid they're almost anti-buy GM products. They make these great cars, have these great new service centers and dealerships, but have no effective advertising or PR program anywhere.

Head of G.M. makes 22 million a year

Toyota...4 million a year!

GET RID OF THE FAT CATS!