Thursday , May 26 2022

Trump is threatened to abolish GM subsidies as a result of its proposed layoff and closure



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US President Donald Trump threatens Tuesday to deprive GM General Motors (GM) of "all his subsidies," the day after he published proposed layoffs and closing plants in North America and elsewhere.

"I've definitely disappointed by General Motors' decision and chief executive, Mary Barra, to close factories in Ohio, Michigan and Maryland," said Trump. "The United States has saved General Motors and that's how they're thank us! We are now looking to get rid of all GM subsidies, including electric cars."

According to US media, it is likely that the president would refer to the $ 7,500 tax relief granted by the federal government to consumers who purchase electric vehicles.

In order to cancel the grant, however, a new law will have to be passed in the Congress.

GM announced Monday that more than 14,000 jobs would be eliminated and the closure of five assembly and transfer plants in the United States and Canada in 2019, which would be a reorganization plan that would mean the company "viable Very, durable and profitable ", according to Ms. Bar.

<! – enpproperty 742181122018-11-28 14: 20: 18: 668Trump is threatened to abolish GM subsidies as a result of its proposed layoff and closureUSA, Trump, GM10027176468timelinesstimelinesshttp://french.china.org.cn/foreign/txt/2018-11/28/content_74218112.htmnullXinhua News AgencyUS President Donald Trump threatens Tuesday to deprive GM General Motors (GM) of "all his subsidies," the day after he published proposed layoffs and closing plants in North America and elsewhere.1/ Enpproperty ->

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