General Motors to slash jobs and production, drawing Trumps ire

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The Detroit auto giant, looking to slash $6 billion in costs by 2020, said Monday it would halt production at several plants in the United States and Canada, cut as many as 14,800 jobs and ditch several models including the Chevy Volt, Impala and Cruze, as well as the Cadillac CT6. "These are things we're doing to strengthen the core business", GM chief executive and chairwoman Mary Barra told reporters Monday. He says he told the company that the USA has done a lot for GM and that if its cars aren't selling, the company needs to produce ones that will.

GM also said that the company will cut the Buick LaCrosse, Chevrolet Impala and Cadillac CT6 sedans next year.

GM's announcement has been met with wide-ranging criticism, led by USA president Donald Trump who told overseas reporters that the auto-maker should replace the slow-selling Cruze built at Lordstown with a more popular model. The layoffs will hit 8,000 white-collar employees and at least 5,900 blue-collar workers.

While GM has been increasing its focus on highly popular trucks and SUVs, the company said in a statement it would also prioritise investment in "next-generation battery-electric architectures".

"We think it's appropriate to do it at a time, and get in front of it, while the company is strong and while the economy is strong".

GM sold almost 2.7 million vehicles in China through September, almost all of them built in China for the market.

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While industry-wide passenger vehicle sales were down 13.2 percent through the first nine months of the year, pickup truck and SUV sales rose 8.3 percent.

The New York Daily News adds that, "i$3 n terms of workforce reduction, GM also plans to cut 15 percent of its 54,000 salaried employees, and even slashing global executive positions by 25 percent".

Baier said it is uncommon to see a president go after a single company, but he believes this tough talk will play with many Americans, particularly in the Heartland.

General Motors Chairman and CEO Mary Barra speaks at GM's press conference at the North American International Auto Show in Detroit, Jan. 16, 2018.

The US automaker explained its decision as a response to a slowdown in new-car sales, as well as to consumers shifting toward pickup trucks and sport-utility vehicles.

U.S. Senator Rob Portman, a Republican from OH, said he's "deeply frustrated" with GM's decision to shut down a plant in Lordstown and is pressing Barra to come up with an alternative product for the factory.

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The United Automobile Workers (UAW) union vowed to "confront this decision by GM through every legal, contractual and collective bargaining avenue open to our membership".

General Motors Co.'s pre-emptive strike to get leaner before the next downturn likely will be followed by Ford Motor Co., which has said it is restructuring and will lay off an unspecified number of white-collar workers. "I am here to protect America's Workers!" he wrote.

It's not clear precisely what action against GM might be taken, or when, and there are questions about whether the president has the authority to act without congressional approval. "Can't say anything final about that, but we're looking into it".

GM sold its South African commercial-vehicle manufacturing plant and other operations to Isuzu Motors in 2017 and phased out its Chevrolet brand there. GM is ending production of six vehicles, including the Volt, as it cuts more than 6,500 factory jobs.

"For decades, workers in the Mahoning Valley have made a commitment to GM, and today GM let Northeast Ohio down", said Sen.

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