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The wrath of the leaders of the United States and Canada dramatized the challenges GM and its Detroit rivals will face as they restructure to cope with the most dramatic technology and market shifts in decades. Trump has made boosting auto jobs a key priority during his almost two years in office and has often attacked automakers on Twitter for not doing enough to boost U.S. employment. The Republican president on Tuesday escalated his attacks on GM’s plan to cut 15,000 jobs and mothball five North American factories, including four in the United States louis vuitton cufflinks ebay uk sale. Among those four is a car factory in northeast Ohio, a state critical to victory in the 2020 presidential campaign..
GM said in a statement following Trump’s comments that it was “committed to maintaining a strong manufacturing presence” in the United States after investing $22 billion in operations here since 2009 and will add new jobs in electrification and autonomous vehicles. The cuts will “position the company for long-term success and maintain and grow American jobs,” GM said, adding that many workers at impacted plants will be able to move to other GM factories louis vuitton cufflinks ebay uk sale. GM Chief Executive Mary Barra spoke to Trump over the weekend to discuss the cuts and was at the White House on Monday to meet with economic adviser Larry Kudlow..
Kudlow told reporters on Tuesday that the administration had helped GM with fuel efficiency standards and other regulations. “We’ve done this to help you and I think his disappointment is, it seems like that they kind of turned his back on him,” Kudlow said. It was not the first time that Trump made threats against a U.S. company. In June he threatened Harley Davidson with higher taxes after the motorcycle maker announced it would move some production overseas louis vuitton cufflinks ebay uk sale. Trump has also threatened to take action against Amazon.com Inc, saying repeatedly in April, without providing evidence, that the online retailer was not paying the U.S. Postal Service a fair rate and saying that he would look at policies to address what he said were Amazon’s unfair business advantages..
Trump has not followed up on these threats. Trump also criticized GM for not closing facilities in Mexico or China. “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!” Trump wrote on Twitter louis vuitton cufflinks ebay uk sale. GM currently builds just one vehicle in China that it exports to the United States, the Buick Envision, and had sold about 22,000 through September. GM sold nearly 2.7 million vehicles in China through September, nearly all built in China..
White House spokesman Sarah Sanders told reporters on Tuesday that the president is looking at options. “The president wants to see American companies build cars here in America not build them overseas and he is hopeful that GM will continue to do that here,” she said. GM has been lobbying Congress, along with Tesla Inc, to lift the current cap on electric vehicles eligible for tax credits, but any action by Congress before 2019 is a long shot, congressional aides said. Currently, once a manufacturer sells 200,000 electric vehicles, the tax credit phases out starting in the following quarter. GM has said it expects to hit the 200,000-vehicle threshold by the end of the year. Tesla hit the cap in July louis vuitton cufflinks ebay uk sale.