General Motors feels heat as president threatens subsidies

Mary Barra said that GM had a “strong” manufacturing presence in America and had invested more than $22 billion in US operations since 2009
Mary Barra said that GM had a “strong” manufacturing presence in America and had invested more than $22 billion in US operations since 2009
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President Trump has threatened to withdraw carmaking subsidies for General Motors after the company unveiled plans to cut thousands of American jobs.

Mr Trump said that he was “very disappointed” with Mary Barra, right, GM’s chief executive, after it emerged that GM would cut about 14,000 jobs from its global workforce of 180,000. By the end of next year, production will cease at plants in Ohio, Michigan, Maryland and Ontario in Canada. Two unnamed factories outside of North America also will close. The company hopes to save $6 billion in the largest restructuring since its bankruptcy ten years ago.

Mr Trump tweeted: “Nothing being closed in Mexico and China. The US saved General Motors, and this is the THANKS we get! We are now looking