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Stock impact report

GM won’t be treated well after plant closures, Trump warns [FOX Business Network]

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President Trump railed against the CEO of General Motors, Mary Barra, on Thursday, calling her “nasty” and saying the auto manufacturer would not be treated well moving forward, regarding its decision to slash 15 percent of its North American workforce and halt production at several plants. Continue Reading Below “I don’t like what she did,” Trump said during an interview with Fox News’ Harris Faulkner. “It was nasty. Ohio is going to replace those jobs in two minutes.” The closures of five GM facilities in Ohio, Michigan, Maryland and Ontario -- announced at the end of November -- came as the largest American auto manufacturer looks to cut costs amid restructuring. It could affect up to 14,000 employees. GM will also cease production of several car models, including the Chevrolet Cruze and the Buick LaCrosse. More from FOX Business Barra said GM is making the cuts to “get in front of it while the company is strong and while the economy is strong,” but also sugges Show less Read more
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