Donald Trump is ramping up the pressure on American automotive giant General Motors after they announced plans to axe some 14 thousand US jobs. The twitter in chief took to the short message service to threaten to cut US aid for GM over the move.
Donald Trump has warned General Motors that it's "playing around with the wrong person" following plans to close multiple plants in North America. Almost 15,000 jobs will be shed in Ohio, Michigan, Maryland and Ontario.
Auto giant General Motors will close a number of plants but says that most of the layoffs will be white-collar jobs. The company also wants to shift resources away from conventional cars to trucks, SUVs and electric.
US carmaker General Motors (GM) has announced 14,000 job cuts and the closure of several plants worldwide, including four in the US. President Donald Trump is furious, but he's partly to blame, says DW's Henrik Böhme.
Shares in GM and Fiat Chrysler have tumbled after both automakers cut their full-year profit forecasts. Analysts say soaring inputs costs as a result of US metals' tariffs are already having an impact.
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