GM is closing some plants and Trump isn’t happy.
We the people have noticed that gasoline prices have declined which is what the republican President Donald J. Trump has wanted and maybe he even negotiated with Saudi Arabia for these lower prices.
The unintended consequence of lower costs to the consumer means that GM is selling more of the gas guzzlers like pick up trucks versus vehicles that are more efficient in the usage of fuel. Then there are the cost pressures as GM costs to build its products have increased by about $1 billion dollars because of President Trump’s imposition of tariffs on imported steel.
Here is the rest of the story…
On November 26, 2018, Neal E. Boudette and Ian Austen of the New York Times penned the following report, “G.M. to Idle Plants and Cut Thousands of Jobs as Sales Slow”
“General Motors said Monday (11/26/18) that it planned to idle five factories in…
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