Trump threatens to cut subsidies for GM

  • 📰 ABC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

Car Car Headlines News

Car Car Latest News,Car Car Headlines

NEW: Pres. Trump threatens to cut subsidies for General Motors after layoff, plant closure announcement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Kimberl93670426 This would help the American people how?

Trump certainly know about failing businesses. He’s had so many fail under his “leadership”.

Great, now the president tells private business what to do... or else!

POTUS is looking out for US worked and their families, exactly as he should!

OmarKelly If anyone else was President.. folks would be saying GM is cutting jobs to affect the bottom line and secure profits for investors. But hatred for Trump has caused people to disregard the obvious for chatter and twitter feeds. Smh yourbetterthanthis

Remember when the GOP was outraged over Obama's interference in GMs business when he ordered it's CEO fired LOL c'mon what a bunch of freaking hypocritical jackasses the GOP and Trump have turned into. You can't make this shit up!!!

OmarKelly The closing plants build the Chevy Cruz... a bomb on the market... maybe failing sales have more to do with the plant closings than everyone’s favorite scapegoat DJT.

OmarKelly Why does nobody question the fact that it’s only GM thats cutting jobs? Everyone wants to blame the new tariffs on the job cuts. But if that’s the case why isnt Ford, Chrysler BMW Toyota Honda cutting jobs? Sounds more like mismanagement to me. But who am I?

Sure did, while they force them into bankruptcy. Because the repubs hated the uaw. McConnell and other repubs urged the fed to open the discount window at the fed for 0% loans to the foreign companies. Typical un-American action.

TRUMP WILL CUT G.M. SUBSIDIES TO GET EVEN WITH THE COMPANY FOR THE TRUMP VOTERS WHO WILL LOSE THEIR JOBS FOR LISTENING TO CROOKED, LYING TRUMP PRIOR TO THE ELECTION!!!!!

That is a good idea, if they won’t work for America then shut off their taxes paid subsidies. I am sick of made in China low quality products, children can’t do the job of proud American adults who take pride in their work. Look forward to the day I will have the choice.

Why are we subsidizing them to begin with? Didn’t we already bail them out?

Exacerbate the situation even farther. That sounds genius. Tax cuts sugar rush is wearing off.

OmarKelly Make America Great!

We give the oil industry too much subsidies

OmarKelly Love it

A good reminder that the government hands out $100 Billion annually in Corporate Welfare. If your going to address one Company's subsidy you must address them all.

Businesses don’t make decisions based on gratitude; they make them based on profit/loss. And trump’s tariffs are making it too expensive to make cars here. No one should be surprised.

OmarKelly Won't matter. GM is primarily cutting their unpopular battery car lines and factories because the government can't pay enough people to buy these lemons.

Congratulations, America, you're getting the president you deserve. butheremails, amirite?

Good they are sorry for destroying jobs in America and leaving jobs in other countries!! Shame on them

GM hasn’t paid back around 10 billion according to Kudlow. They owe the taxpayers. Cut executives pay, produce something that sales, stay in USA & pay back the taxpayers!

Obviously, GM doesn’t care what you think, Mr. T

Jobs, Jobs, Jobs. Let them develop a car on CLEAN coal!

Ohio voters keep voting for this ahole see where it gets you, The man don't have a clue what he's talking about...

What don't you guys get? GM's not going bankrupt, they're switching to driverless & electric cars and firing all these people after Obama bailed their asses out. They still receive subsidies to avoid that.

You mean the money they paid back with interest? The fact that they paid for that money. They paid the US people for that money. They weren't given anything but a loan.

Obama saved GM in the start of the Great recession. The GOP complained about spending the money. All Donny did was start a Trade WAR hurting GM, family farmers, and others.

Which will cause more closures and layoffs. POTUS realDonaldTrump is driving the country into a Recession

GM will fall in line. The bad PR will affect their sales. Thank you Mr. President for looking out for American workers.

Well that should kill the bull market once and for all

That’s REAL smart!! Next they’ll take the whole ball of wax overseas!

Lol yeah that'll fix it.

shouldn't the govt cut trumps subsidies since all his businesses failed too?

He's got a point. Government motors would be bankrupt if not for the auto bailout. How they keep the ones in Mexico and China open when the Chinese market was the largest expectation miss is a bonkers decision.

Well that will certainly get them to change their minds. 😂

So Donald Trump the DOTARD in chief just credited President Obama with saving the auto industry and GM. Thanks Obama! GMLayoffs

Spot on! Mr President

His tweets need to stop being newsworthy every time. He does it on purpose to change the message. If/when he does this report it. The rest is verbal diarrhea from which he suffers chronically. His tweets are not actions. There are actual stories happening surrounding the WH.

WHAT A BOSS !!!!! Thats how democrat corporation CEOs reward our country paying for their debts. Its time to cut them all

Cutting subsidies for electric cars at GM? They are stopping production on the Volt, so that's a real threat. :-) My goodness, Trump certainly is a dickhead!

Remind Trump said he file for bankruptcy six times.

Don the Con strikes again.

Best president ever

And make even more workers loose their jobs? Great! No adults left in GOP?

I think he means 'especially for electric cars'

America FIRST... Not Mexico or China... Thank you President Donald J Trump for your Leadership! MAGA

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in CAR

Car Car Latest News, Car Car Headlines