Midknight Review -- new and revised: Low sales of gas run autos drives GM into the closure of three of its factories.

Low sales of gas run autos drives GM into the closure of three of its factories.

The Left in its zeal to brand all perceived "failures" as "Trump's fault," does it again with the news that GM is closing three of its plants in 2019. The peasant people immediately blamed Trump without knowing the facts. The following article from Reuters will set the record straight. The closing has nothing to do with Trump or his tariff policy ~ editor.

DETROIT/WASHINGTON, Nov 26 (Reuters) - General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce in the face of a stagnant market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles.
The announcement is the biggest restructuring in North America for the U.S. No. 1 carmaker
since its bankruptcy a decade ago. Its shares rallied 7.6 percent to $38.66.
GM plans to halt production next year at three assembly plants - Lordstown, Ohio, Hamtramck, Michigan, and Oshawa, Ontario. The company also plans to stop building several models now assembled at those plants, including the Chevrolet Cruze, the Cadillac CT6 and the Buick LaCrosse. The Cruze compact car will be discontinued in the U.S. market in 2019.

6 comments:

AnonymousNovember 26, 2018 at 2:26 PM
Not 3, but EIGHT GM factories closing, 5 in America, 3 outside of America. Welcome to the beginning of the Trump recession. My investments just had their worst quarter since the Bush yrs. Tired of winning? MAGA...
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AnonymousNovember 26, 2018 at 9:18 PM
General Motors announced today that, due in large part to Donald Trump’s disastrous tariffs and costly trade war, it’s slashing thousands of jobs in North America. A few regions in particular are going to be hit hard by this. Among them: Michigan and Ohio. These are, of course, two states which saw a whole lot of people rush out to vote for Trump, for racist reasons.
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AnonymousNovember 27, 2018 at 6:44 AM
General Motors announced today that, due in large part to Donald Trump’s disastrous tariffs and costly trade war, it’s slashing thousands of jobs in North America.
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AnonymousNovember 28, 2018 at 12:17 PM
Thanks to the tax cut, GM gets to take the money and run. There is nothing anyone can do about it because the Rs gave all corporations a huge tax cut with ZERO incentives to keep jobs in America. IN FACT, they gave GM and all corporations total freedom to do whatever they want with BILLIONS. There will be more to come.
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