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| "Trump is going to #sayhisname first, I just know it." |
This is the part where the "Elected Ones" start running into the streets, eating each other alive.
Happy Labor Day!
Trump slams GM as 'one of smallest auto manufacturers' in Detroit
Washington — President Donald Trump slammed General Motors Co. on Friday for allegedly shrinking its workforce in the U.S. and investing heavily in China amid a burgeoning trade war between the nations that has promoted Trump to "hereby order" U.S. companies to look for alternatives to China. |
| "Would you like to #sayhisname or shall I?" |
“General Motors, which was once the Giant of Detroit, is now one of the smallest auto manufacturers there,” Trump tweeted Friday.
“General Motors, which was once the Giant of Detroit, is now one of the smallest auto manufacturers there,” Trump tweeted Friday. (Photo: .)
Trump has feuded with automakers in recent weeks over gas mileage rules and now trade. GM declined to comment on Trump's tweet. The Detroit automaker pointed out it employs nearly 100,000 people in the U.S., including 46,000 workers who are members of the United Auto Workers union. GM had 45,000 active UAW employees in 2011, when it was coming out of bankruptcy.
China is General Motors Co.’s largest market, but mostly all of the GM product sold in China is built there.
GM has 11 joint ventures and two wholly owned foreign enterprises and more than 58,000 employees in China. GM China products have the Buick, Cadillac, Chevrolet, Baojun and Wuling nameplates. In 2018, GM and its joint ventures sold more than 3.64 million vehicles in China and in North America, GM sold about 3.5 million.
Trump has recently directly most of his ire at Ford Motor Co. He is upset the Dearborn automaker agreed with California to voluntarily meet higher gas mileage rules than the Trump administration has proposed.
Trump's tweets were seen by auto industry observers as a bid to prevent GM and other automakers from joining the California mileage agreement, which negotiated directly between the California Air Resources Board and Ford, Volkswagen AG, Honda Motor Co. and BMW AG. Under the terms of the deal, the carmakers agreed to voluntarily increase the average fuel economy of their fleets to about 50 miles per gallon by the end of the 2026 model year.
Trump has sent confusing and contradictory signals in his escalating trade war with China: Last Friday, he said he would reinstate tariffs on cars from China; by Sunday he admitted to second thoughts, after which an aide said he meant he should have raised them higher.
Also on last Friday, the president ordered U.S. companies to leave China before an adviser said that order would not "be exercised presently."
Then on Monday, Trump said he was not "at this moment" considering fresh tariffs on Japanese cars but hastened to say he could "at a later date if I wanted to."
Michelle Krebs, senior analyst for Autotrader, said Trump mischaracterized GM's position in the auto industry in his tweet.
"GM remains one of the largest automakers in the world," she said. "Like other automakers, GM builds vehicles where they sell them. GM builds vehicles in China for the Chinese market. Only one model sold in the U.S., the Buick Envision, comes from China."
Then, this happened...
Trump falsely slams GM on Twitter
But who is the largest owner of GM?
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