General Motors is cutting nearly 15,000 factory and white-collar jobs.
— TODAY (@TODAYshow) November 27, 2018
GM says President Trump’s steel and aluminium tariffs have cost them $1.4 billion — but the cutbacks are more about changing consumer tastes. pic.twitter.com/xsaR8Fpoyf
GM announces 15,000 layoffs and its stock bounces up 7 percent, proving "Engine" Charlie Wilson wrong when he said in 1953 that "what was good for our country was good for General Motors and vice versa." https://t.co/bFM8xY4j6q
— Robert Reich (@RBReich) November 26, 2018
Twitter: #MAGA #1A #KAG #WWG1WGA #FreeSpeech #Trump
GM is doing this at Soros urging. The Globalists are doing everything they can to destroy our country. The coast to coast dem wins on elections including California were almost all frauds. Soros was behind every one of these or his kids and organizations were. Trump needs to arrest these thugs. They are the ones who also attacked Infowars and are censoring Conservative voices across the board. Stop Soros and you stop almost all of this.
Sedans. It has been proven people will buy a piece of junk if it looks good. See jaguar! The design department needs to be changed of GM wants to survive. Quality might help too.
GM began building crap in 1972 and continues to this day. i'll never buy another.... trump should court japan to replace the closing GM plants with Honda car facilities.
2020 has started. Deep State cutting jobs in Trumpland.
Wow! A company that builds expensive vehicles nobody wants to buy???? What’s the big deal? Are they looking for bailout money like they got from the last administration? Maybe the UAW should remember all those plants GM built in Asia in the last 20 years. Maybe reconsider their support of democRATS that’s taken for granted. Businesses like GM rely on OPM.....other peoples money....time to go down in flames.
GM had an electric car in 1997. They literally destroyed their own market by restricting sales (leases only) and made some of the most horrifying scary commercials for the cars which were intended to drive customers away from even having one.
Yet this same company cannibalizes its own markets by subdividing into different, redundant and useless brands like oldsmobile, buick, cadillac, etc.
The real problem has always been the car executives at the top who are functionally incompetent. They didn't see the hybrid market coming, the electric car market, the crossover market, the SUV market. They were always late to the party while Nissan, Toyota were already dug in. Now millennials are scooting around in Priuses while GM pounds sand.
"The company says it is preparing for a future with a larger number of fully electric vehicles"? The company should prepare for a future with a smaller number of buyers.