GM CEO Mary Barra met with White House economic advisor Larry Kudlow yesterday after the automaker announced it would lay off 15 percent of its salaried workforce in North America.
GM announced Monday that it would lay off 6,000 factory workers and 8,100 white collar workers as part of a major restructuring effort. The automaker is closing down car assembly plants in Ontario, Michigan and Ohio under the new plan, along with two US transmission plants in Michigan and Maryland, and two other plants outside of North America. From this, General Motors is hoping to free up $6 billion by 2020 and plans to invest heavily in its electric and autonomous vehicle programs.
Larry Kudlow (Wikimedia Commons Photo by Gage Skidmore)
Kudlow was recently quoted speaking highly of the US economy, saying it is the “hottest” in the world right now and that Europe and Asia were “slowing down.”
“Right now, the U.S. is carrying the ball,” he said. “I don’t see an end to it.”
US President Donald Trump said he was “not happy” about the layoffs when asked about the situation on Monday and pressured GM to bring a new product back to Ohio after it said it would be closing down Lordstown Assembly.
“I spoke with (Mary Barra) when I heard they were closing and I said ‘you know this country’s done a lot for General Motors, you better get back in there soon, that’s Ohio, and you better get back in there soon,'” Trump said. “So we have a lot of pressure on them, you have senators, you have a lot of other people, a lot of pressure. They say the Chevy is Cruze is not selling well, I say well then get a car that is selling well and put it back in (Ohio).”
GM made the decision to trim its workforce in order to ensure the health of the company going forward, CEO Mary Barra said in a prepared statement outlining the details of the restructuring plan.
“The actions we are taking today continue our transformation to be highly agile, resilient and profitable, while giving us the flexibility to invest in the future,” Barra said. “We recognize the need to stay in front of changing market conditions and customer preferences to position our company for long-term success.”
Source: CNBC
Comments
Who else is sick of all the winning?!
Mary should listen to President Chapter 11 and borrow money from Russians.
The U.S. economy is the hottest in the world right due to our President – 4.7% GDP growth that they said was “impossible”; stock market at record high everyday helping our pensions; manufacturing coming back to the U.S. big time; unemployment at record lows since 1960s!; African-American and Hispanic unemployment LOWEST EVER!!!; business sentiment at decades highs including small business owners; terrorist attacks stopped in the U.S.; violent protests from left-wing activists stopped in our country…I could go on, but you get the picture.
Too bad we have to deal with the bias, extremist, sore loser types like “John Hart”/ “Reggie”/ “Steve” and others on here. President Trump is winning and that is a good thing for American. Thank you Mr. Trump. Keep WINNING for us.
You forgot Mr. Old Trum-bonerforhillaryclinton.
LOL
I try to forget that deranged psycho Old Trombone. He must be writing from a padded cell somewhere.
TRUMP = WINNING!
It’s amazing you can get all those words out while polishing Toad from Mario Kart.
All the things Faux news told you, geeeeez.
_vorg says:
Who else is sick of all the winning?!
—
NOT ME!
President Trump just showed who really is boss to Miss Machete Mary Barra.
Trump just showed Miss Mary who really is boss.
any meeting with trump must be absolute torture.
imagine trying to talk intelligently to a complete idiot with a smile on your face and trying to decipher gibberish at the same time.
fortunately mary met with kudlow. christmas came early for her.
Have you talked to him?
I guess it’s so easy to call him an idiot since everybody does. But it’s like everything else you can everything you want but have no logic behind it. I haven’t seen any president in the past 20 years do a better job with our economy. But oh well let’s call him an idiot. He was everyone’s friend when he was a business man but since he is a republican who is getting the job done he is an idiot I forgot..
Oh…he’s a hero to you and what have you talked to HIM about? He’s an IDIOT and the WHOLE WORLD KNOWS IT. Economy? Have you even studied Macro OR Micro economics??? DO YOU FORGET what a $hithole things were because of the LAST great repuklican president, GW Bush?? How O’bama had to SAVE GM?!?!? Now GM F’s the American worker for stocks?? Oh, yeah..the country is soooo much better while WAGES SUCK!!! Wait until this BS tax cut comes due with this F’d up deficit?? Who benefited????? Not the middle class taxpayer who pays the MAJORITY of taxes!!! Go get some education and you’ll learn why COLLEGE educated people have and VOTE against the repuklican horde. Come 1/19 it’s gonna’ get good and the $hit is gonna’ fly. Go console your djt, he needs it. ROFLMAO…
Trump won, you lost. Time to move on sore loser. You LOST to Mr. Trump so I guess it says a lot about YOUR intelligence.
Remember when these idiots were laughing at Mr. Trump saying he would never win? Who is laughing now. Morons for sure. Those who laugh last laugh the hardest.
Congratulations President Trump on a successful economy. People like Miss Mary Barra need to be called in for her horrible management of GM that has cause extreme pain for many American families right before the holidays. Meanwhile the Japanese are investing in auto manufacturing in the U.S. and employing Americans at record rates…Europeans too. Only GM is a traitor it seems.
Hmmmm……you sound an awful lot like an ignorant Trumpty dumbty TROLL Holass…
Oh yeah, trumpty and his cronies just LOST the House which means he’ll be a LAME DUCK until he’s voted out of office in 2020. “YOUR intelligence” simply means YOU have none, Bot. Return to russia and give putin a nice BJ jack@$$.
If everything is going your way and President Trump will be out and all, why you so triggered?
Oh, wait, weren’t you one of the people who said “Hillary has a 98% chance of winning…”?
Kind of puts your intelligence into perspective.
TRUMP 2020!
No what it really showed the world is that this country has quite a few idiots that would vote for a guy who campaigned like a third grader, who cheated and stole from people, who couldn’t get any more money from Western Banks due to his five bankruptcies. He now owes Billions to Russian Banks, but don’t worry they hold no influence over him /s.
Big mouth always flapping about what failures our most recent Presidents were, what they should have done. Russia just fired upon and took control of three Ukrainian ships. What has big mouth done about it?
It really shows your lack of intelligence that you would emulate the Orange Turd. Good thing Trump loves the uneducated. Bet you’re feeling the love.
Economy was trending up before 45 got into office. All he did was not F it up, which he is trying to do with this tariff war.
“C4ce” – “Get some education…”
Lol
Coming from a guy who writes like a butt-hurt 2-year-old and can’t even spell. Please take care of the Trump Derangement Syndrome that is obviously overwhelming you.
By the way, PRESIDENT TRUMP has two degrees from an Ivy League school that you tout so much. And under him the economy is BOOMING under his guidance. Please stay in school past the 3rd grade at least.
My parents are making an extra $5600 a year.
….but that’s just breadcrumbs right Ms. Pelosi?
travis –
bless your heart. you have a forrest gump level of optimism and naïveté.
your loyalty to your master is only surpassed by akc certified golden retrievers.
i’m sure if you ever talked to trump, you two would get along swimmingly.
Lol..so true.
Coming from a guy who LOST to Trump…LOL You LOST to a guy who never ran for any office in his life…Hillary had 5 times the money, “40 years experience as a bureaucrat”, and the whole media complex batting for her and spewing anti-Trump propaganda…And you still LOST!!!
How dumb are you?
TRUMP WON, YOU LOST. PLEASE TAKE CARE OF YOUR TRUMP DERANGEMENT SYNDROME AND TRY TO MOVE ON.
NOT TIRED OF WINNING AT ALL. ?
Trump =’s lies, deceit, hypocrisy, and oh yeah, DERANGEMENT. Keep sucking it up troll…
Keep spazzing like a like a little girl…sore loser.
Just sayin’
Spazzing? Not. So happy to see trumpy’s pouting over the midterms while disrespecting our Troops and Vets this recent past Veterans Day, which yes, I’m one. Did YOU serve or just another Mr. bone spurs like trumpty dumbty? Sore loser’s are people like you after the midterm BLUE WAVE and if you think THAT hurts, just wait ’till 2020 when your emperor, king, nazi, unholiness is dethroned.
Sounds a lot like Machete Mary now doesn’t it?
“Steve”/ “Reggie”/ “Old Trombone”/ “John Hart” Your IP address is the same. Wonder how that happened, Sean?
You lost to President Trump. The election is over 2 year ago. Nothing will change your loss. Hillary, or should I say HITLERy, will never be President. You were beaten by a “stupid man”…Don’t you think it is time to MOVE ON???
_vorg: No, I am not tired of winning when I read comments from Trump Derangement Syndrome victims like this…lol
Barra =’s BS corporate. F her,her $22M bonus, GM & their profits, and all her board cronies while 14k-15k AMERICANS lose their livelihood. PATHETIC!!! F’n Palin wannabe and as absurd.
Miss Mary Barra is a Obama-supporting Democrat. Explains why she screws the economy up and destroys people’s lives.
Which is why GM saw fit to give her a $22 MILLION bonus, eh? She fits in perfectly with the republican model so how go YOU know she’s democrat? Dumb@$$….
I try not to talk about Trump here either positively or negatively and I think he frequently blurs the boundaries between what a US president should and should not do but he’s right on his key point. The US and the American taxpayer did a lot for GM. Mary Barra and Mark Ruess, both GM lifers, might be still be in some sort of worker retraining program if it wasn’t for the taxpayer that bailed out their employer so I think GM ought to show more appreciation for that fact than they do. Why not close Ramos Arizpe rather than Lordstown or, God help the people of Detroit, yet another plant in their struggling town.
This seems pretty cut and dry. The US government should cut any support they currently give GM. At the same time offer to reverse this and provide additional benefits if the Trax, Blazer, Equinox, and Terrain are moved to Lordstown and Detroit-Hamtramck. GM claims to be shuttering plants because people are only buying SUVs and yet produces most of its SUVs in Mexico and Canada. One would imagine that’s the end game. For now GM will bargain with the government, UAW, Unifor, etc to get the best possible deal.
Regardless of if you support the president or not, This is a PR dIsaster for GM and Mary better figure it out sooner rather than later. Nothing good can come from this. It’s time to stop the bleeding Mary!
If the truth be told, if trump was in in the CEO’s position, he would of done the same thing, and not thought nothing of it. And for the record, trump has NOT made this country any better. Everything he thinks he’s changed is falling apart!
THIS JUST IN — Isn’t ignoring a profitable corporation’s desires and fronting worker’s interests… urm… SOCIALIST?
John Hart,
It is but in the case of this one particular “profitable corporation”, they are only still in business because they showed up at the door of the US Treasury hat-in-hat begging for money and in a rare move, they got it. The government gave them a total of about $50 billion of which $11.2 billion was totally lost. The taxpayers are still on the hook for that amount, it was added to the national debt. GM received the money because they argued they were good for America and the country needed them and, most importantly, they provided good-paying jobs to middle America. President Obama bought their sales pitch and gave ’em the money so they exist today because of the government. As such, albeit rather odd, I think it appropriate that today’s president should thoroughly chastise them for shutting down US plants while expanding in Mexico and China. They even have the temerity to be selling Chinese made Buicks and Cadillacs right now at the same time they are announcing an end of production for US made Buicks and Cadillacs. It’s infuriating not just to Donald Trump but to every US taxpayer and it should be infuriating to Barack Obama.