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 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