GM announces massive North America restructuring, 15K+ jobs to be lost

BoBurnz

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$1B in steel tariffs, their biggest brand identity not selling anymore (Sedans are dead) forcing a shift towards nothing but SUV's and Trucks at higher than market value, and a recession looming do not a good mix make. This does more than just close these factories, it cascades and shuts down the support networks of all these towns as well.

So yeah, thank Trump for all these amazing opportunities so he can dikk wave at China. :francis:
 

nyknick

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Trade Wars are easy
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15,000 families is just the tip of the iceberg. This will have crippling effects far down the line

I would like someone to explain to me why these plants can't be converted into electric car facilities if the plan is to move in that direction anyway. I would love to see the economic justification just so I can understand exactly how inhuman the decision is
 

FAH1223

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15,000 families is just the tip of the iceberg. This will have crippling effects far down the line

I would like someone to explain to me why these plants can't be converted into electric car facilities if the plan is to move in that direction anyway. I would love to see the economic justification just so I can understand exactly how inhuman the decision is

Profits

GM stock has shot up this morning... that's all they want
 
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