General motors announces massive cuts in north america more than Fourteen Thousand jobs are set to be axed as the Company Seeks to close factories in ohio michigan and canada as ontario and plans a shift to next from ability also on the program after a shopping craze of black friday and cyber monday we visit a shop with a less frenzied approach and trying to meet europe at the Hamburg Summit here in Germany China says its increasingly open to european investors but they say they are having a harder time to do business there and it stinks so badly its bad in many Public Places but the jury and its also known as the king of fruits that the chinese are developing it takes. Im Christopher Caldwell welcome to the program u. S. President trump is quote not happy with the announcement car giant General Motors made earlier on monday g. M. Said it plans to layoff more than Fourteen Thousand factory and white collar
workers in the United States and canada and put five plants up for possible clos
General motors announces massive cuts in north america more than Fourteen Thousand jobs are set to be axed as the Company Seeks to close factories in ohio michigan and canada as ontario and plans a shift to next from ability also on the program after shopping craze of black friday and cyber monday we visit a shop with a less frenzied approach and trying to meet europe at the hamburger summit here in Germany China says its increasingly open to european investors but they say they are having a hard time to do business there and it stinks so badly its banned in many Public Places but the jury and its also known as the king of fruits and the chinese are developing it takes. Im krista coble welcome to the program u. S. President trump is quote not happy with the announcement car giant General Motors made earlier on monday g. M. Said it plans to layoff more than Fourteen Thousand factory and white collar
workers in the United States and canada and put five plants up for possible closure g. M
workers in the united states and canada and put five plants up for possible closure g.m. said the move was in response to increased cost pressure and waning demands for traditional sedans now it wants to ramp up resources for electric and self driving vehicles the company also said tears on imported steel imposed earlier this year by the trump administration have cost it one billion dollars so far. for more let s bring in our wall street correspondent yes quarter here let me just give this quote to you by general motors mary barra she says we re right sizing capacity for the realities of the marketplace nevertheless fourteen thousand jobs that sounds like a pretty hefty response. it certainly is but g.m.c. old mary barra also said that the industry is changing dramatically in the past two years g.m.a. clearly had record profits but says she wants to act out of
a position that is still strong and she does not want to wait to kill the industry is turning sore and there s no question about it that us americans are not too crazy about smaller size vehicles is the industry is changing rapidly with cars sharing services tender specially also was low gasoline prices here in the united states and that s why that s why g.m. believes they have to act now all right so jim might adapt to changing marketplace here nevertheless president trump says he s not happy about this news and after all he promised to increase manufacturing jobs what we re seeing is quite the opposite . now certainly and also some other measure from the u.s. president you mentioned it earlier the tariffs on steel and. heard companies like general motors even if mary barra did not say that this is the reason why they re
workers in the united states and canada and put five plants up for possible closure g.m. said the move was in response to increased cost pressure and waning demands for traditional sedans now it wants to ramp up resources for electric and self driving vehicles the company also said terrorist on imported steel imposed earlier this year by the trumpet ministration have cost it one billion dollars so far. for more let s bring in our wall street correspondent yes quarter here yes let me just give this quote to you by general motors mary barra she says we re right sizing capacity for the realities of the marketplace nevertheless fourteen thousand jobs that sounds like a pretty hefty response. it certainly is but g.m.c. old mary barra also said that the industry is changing dramatically in the past two years g.m. actually had record profits but says she wants to act out of