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US President Donald Trump attacks the carmaker's plans, which will affect more than 14,000 jobs in North America.
Via Graham Watson
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Rescooped by Bruce Fellowes from International Economics: IB Economics |
Scoop.it!
Via Graham Watson
They say that you should be careful what you wish for: in President Trump's case this seems to be the case.
GM have announced that they are going to make nearly 15,000 people redundant at five of their American plants, and have had the temerity to suggest that the President's trade policy have had something to do with this. And they have a point - tariffs have increased the company's component costs by around $1 billion, but changing market conditions have also played a part.
The President is reputed to be furious - but then again, he's hardly the epitome of a successful businessman - and if he had his way he'd probably try and appoint Carlos Ghosn to replace the current CEO Mary Barra