Quantcast
Connect with us

Trump says GM shift to electric vehicles is ‘not going to work’

Published

on

President Donald Trump on Thursday said General Motors Co’s decision to shift much of its focus to electric vehicles will not succeed, and he asserted a new trade deal will make it harder for the company to move work to other countries.

GM last year said it planned to launch 20 new electric vehicles by 2023 as it faces rising regulatory requirements for zero-emission vehicles in China and elsewhere.

ADVERTISEMENT

The largest U.S. automaker has come under enormous criticism in Washington after it announced on Nov. 26 plans to close four plants in the United States and cut up to 15,000 jobs in North America.

Trump questioned GM CEO Mary Barra’s business strategy in an interview with Fox News.

“They’ve changed the whole model of General Motors. They’ve gone to all-electric. All-electric is not going to work … It’s wonderful to have it as a percentage of your cars, but going into this model that she’s doing I think is a mistake,” Trump said.

Barra was on Capitol Hill for two days of meetings last week to discuss the company’s decision with angry lawmakers from states where plants are closing. “To tell me a couple weeks before Christmas that’s she going to close in Ohio and Michigan – not acceptable to me,” Trump said.

Trump has repeatedly said GM should reverse a decision to close an assembly plant in northeast Ohio, an area potentially crucial in the 2020 presidential election. “Ohio is going to replace those jobs in like two minutes,” Trump said. “She’s either going to open fast or somebody else is going to go in.”

ADVERTISEMENT

GM shares fell 1.4 percent in trading Thursday.

Asked to respond, GM said it timed its job cut announcement so employees could accept open jobs at other plants.

“We continue to produce great vehicles today for our customers while taking steps toward our vision of a world with zero crashes, zero emissions and zero congestion,” GM said.

ADVERTISEMENT

Trump suggested that a new free trade deal with Mexico and Canada makes it “very uncomfortable” for GM to build cars outside the United States.

“I don’t like that General Motors does that… General Motors is not going to be treated well,” he said without elaborating.

ADVERTISEMENT

Trump signed a new trade deal with Mexico and Canada on Nov. 30 to replace the North American Free Trade Agreement, but that deal has not been approved by the U.S. Congress.

The deal boosts the North American content requirements for vehicles to be traded tariff free and requires a significant percentage of vehicles to be made by workers earning at least $16 an hour.

Some Democrats argue the trade deal may need changes to deter GM and other automakers from continuing significant production in Mexico. GM is not backing off its plans to build the new Chevrolet Blazer SUV in Mexico.

ADVERTISEMENT

Reporting by Lisa Lambert; editing by Cynthia Osterman


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Facebook

Nicolle Wallace tells Colbert why she cursed at Fox News host Laura Ingraham — and that she left the GOP

Published

on

MSNBC host Nicolle Wallace appeared on Stephen Colbert's "Late Show" Wednesday after spending hours analyzing the impeachment hearings that began that morning.

One of the first things Colbert asked about was the recent smackdown from Wallace about Fox News host Laura Ingraham and her guests going after Col. Alexander Vindman. Ingraham proposed that because Vindman was born in Ukraine that he was somehow a traitor to the United States for coming forward about President Donald Trump's admitted crimes.

Continue Reading

Facebook

‘It takes a small mind to want to out a whistleblower’: Rachel Maddow blasts Trump and GOP

Published

on

In an analysis of the first day of impeachment, MSNBC host Rachel Maddow explained to late-night comedian Jimmy Fallon why the impeachment hearings were a lot more rational than she anticipated.

Rep. Jim Jordan (R-OH) switched committees just to appear and ask questions and Rep. Devin Nunes (R-CA) humiliated himself, but aside from that, Maddow said she was surprised there were reasonable questions, and everyone remained calm.

Continue Reading
 

Facebook

Seth Meyers mocks Devin Nunes saying Dems wanted to find nude photos of Trump: ‘Literally no one wants that’

Published

on

"Late Night" host Seth Meyers ridiculed Rep. Devin Nunes (R-CA) for his absurd line of questioning that accused Democrats of the impeachment is the same as the Russia scandal.

Nunes said that Democrats want the world to forget about their efforts to obtain nude photos of Trump, something Meyers countered with actual sense.

"Hey man, I guarantee you no one wants nude pictures of Donald Trump," Meyers said. "I'm not crazy about clothed pictures of Donald Trump. Also, I have to believe that if there were nude pictures of Donald Trump, the first person to show them would be Donald Trump. He'd probably hold a press conference with a giant poster board."

Continue Reading
 
 
Help Raw Story Uncover Injustice. Join Raw Story Investigates for $1 and go ad-free.
close-image