Trump Threatens To Cut Subsidies For GM
- 5 years ago
According to Automotive News, President Donald Trump may eliminate electric car subsidies for General Motors.
The announcement was posted on Twitter a day after GM said they will close five North American plants, including some in the United States.
GM's shares fell almost 3-percent before stabilizing at 2.4-percent down.
President Trump expressed anger and disappointment with GM over the decision, and threatened to end every subsidiary program for GM.
The announcement was posted on Twitter a day after GM said they will close five North American plants, including some in the United States.
GM's shares fell almost 3-percent before stabilizing at 2.4-percent down.
President Trump expressed anger and disappointment with GM over the decision, and threatened to end every subsidiary program for GM.