Automotive & Transportation
Automotive and Transportation
Automotive and Transportation
Tue, November 26, 2024
[ Tue, Nov 26th 2024
] - Aaron Neefham
[ Tue, Nov 26th 2024
] - Aaron Neefham
[ Tue, Nov 26th 2024
] - Aaron Neefham
[ Tue, Nov 26th 2024
] - Aaron Neefham
[ Tue, Nov 26th 2024
] - Aaron Neefham
[ Tue, Nov 26th 2024
] - Aaron Neefham
[ Tue, Nov 26th 2024
] - Aaron Neefham
Mon, November 25, 2024
[ Mon, Nov 25th 2024
] - Aaron Neefham
[ Mon, Nov 25th 2024
] - Aaron Neefham
[ Mon, Nov 25th 2024
] - Aaron Neefham
[ Mon, Nov 25th 2024
] - Aaron Neefham
Experts: Under Trump, GM faces volatile future with more job cuts almost certain
- Experts expect Trump to remove the $7,500 EV tax credit, eroding EV demand. GM can't pivot on a dime, but it will have to re-evaluate its strategy.
The article from Freep.com discusses former President Donald Trump's criticism of General Motors (GM) for moving jobs to China, despite the company's recent agreement with the United Auto Workers (UAW) union. Trump, who has a history of targeting GM, particularly highlighted the company's decision to close its Lordstown Assembly plant in Ohio in 2019, which he claims led to job losses in the U.S. He contrasted this with the UAW's tentative deal with GM, which includes significant wage increases and other benefits for workers. The article also notes that while GM has indeed invested in facilities in China, it has also made substantial investments in the U.S., including plans for new electric vehicle production. The UAW and GM have defended their actions, pointing out that the new contract aims to secure jobs and invest in American manufacturing, although Trump continues to use the issue to appeal to blue-collar voters.
Read the Full Detroit Free Press Article at [ https://www.freep.com/story/money/cars/general-motors/2024/11/25/trump-gm-jobs-employment-uaw/76428686007/ ]
Read the Full Detroit Free Press Article at [ https://www.freep.com/story/money/cars/general-motors/2024/11/25/trump-gm-jobs-employment-uaw/76428686007/ ]
