GM warns tariff could force job cuts, raise cost of cars

[ABX]

General Motors is warning the Trump administration that proposed tariffs could force the company to cut jobs and raise the price of cars, perhaps by thousands of dollars.

The warning, made in a filing Friday with the Commerce Department, comes as America's manufacturers raise serious concerns about the president's trade policies, which they say could jeopardize their businesses at home.....


https://money.cnn.com/2018/06/29/news/companies/gm-car-prices-auto-tariff/index.html

[Suppressed]

[kevindavis007]

But but but GM helped us during WWII..

[GtHawk]

Ah, they're just mad because the unions hate competition.

[Frank Cannon]

Eff you GM. You were shuttering plants and raising prices last year because no one is buying your shit bland cars. Why in Gods name would someone drop $40K for a damn Impala when they can get a non plasticky well engineered foreign luxury vehicle from over seas.

[truth_seeker]

Eff you GM. You were shuttering plants and raising prices last year because no one is buying your shit bland cars. Why in Gods name would someone drop $40K for a damn Impala when they can get a non plasticky well engineered foreign luxury vehicle from over seas.

Kind of interesting nobody bothers to ponder how BMW became the largest exporter from the US.

That is truly an amazing result, in uner 20 years with a relatively expensive product.

[thackney]

Eff you GM. You were shuttering plants and raising prices last year because no one is buying your shit bland cars. Why in Gods name would someone drop $40K for a damn Impala when they can get a non plasticky well engineered foreign luxury vehicle from over seas.

Just wait for the tariff.  Trump said he is going for 500.

[IsailedawayfromFR]

Am wondering how often GM complained about the EU tariff which is 4x the size of EU imports into US and how it cost GM both jobs and higher cost of jobs?