General Motors Announces Sweeping Layoffs For North American Workers | Velshi & Ruhle | MSNBC

General Motors Announces Sweeping Layoffs For North American Workers | Velshi & Ruhle | MSNBC


>>PRESIDENT PUTIN WILL DO, GO AS FAR AS THE FREE WORLD WILL AS FAR AS THE FREE WORLD WILL LET HIM GO. LET HIM GO.>>OKAY.>>OKAY. IN ADDITION TO THAT, WE HAVE IN ADDITION TO THAT, WE HAVE BREAKING NEWS. BREAKING NEWS. GENERAL MOTORS ANNOUNCED GENERAL MOTORS ANNOUNCED SWEEPING LAYOFFS TODAY FOR THE SWEEPING LAYOFFS TODAY FOR THE NORTH AMERICAN EMPLOYEES. NORTH AMERICAN EMPLOYEES. NEARLY 15,000 WORKERS ARE NEARLY 15,000 WORKERS ARE EXPECTED TO LOSE THEIR JOBS. EXPECTED TO LOSE THEIR JOBS. THE RESTRUCTURING PLAN TO SHUT THE RESTRUCTURING PLAN TO SHUT FIVE FACTORIES, THREE THAT FIVE FACTORIES, THREE THAT PRODUCE CARS FOR FOREIGN PRODUCE CARS FOR FOREIGN MARKETS. MARKETS. OHIO, MICHIGAN AND ONTARIO OHIO, MICHIGAN AND ONTARIO FACILITY COMPLETELY SHUT DOWN IN FACILITY COMPLETELY SHUT DOWN IN CANADA. CANADA. TWO POWERTRAIN PLANTS IN TWO POWERTRAIN PLANTS IN MARYLAND AND MICHIGAN, AS WELL. MARYLAND AND MICHIGAN, AS WELL.>>ONE OF THOSE FACTORIES, THE>>ONE OF THOSE FACTORIES, THE OSHAWA PLANT IN CANADA EMPLOYED OSHAWA PLANT IN CANADA EMPLOYED 2,500 UNION EMPLOYEES AND 300 2,500 UNION EMPLOYEES AND 300 SALARIED POSITIONS, ALL OF THOSE SALARIED POSITIONS, ALL OF THOSE JOBS ARE FACING ELIMINATION. JOBS ARE FACING ELIMINATION. THE TOWN HAS BEEN HOME TO A THE TOWN HAS BEEN HOME TO A GENERAL MOTORS MANUFACTURING GENERAL MOTORS MANUFACTURING PLANT, GET THIS, FOR OVER 100 PLANT, GET THIS, FOR OVER 100 YEARS. YEARS. IT GIVES ME THE CHILLS JUST TO IT GIVES ME THE CHILLS JUST TO SAY THAT. SAY THAT. UNDERSTANDABLY, THE COMMUNITY IS UNDERSTANDABLY, THE COMMUNITY IS VERY UPSET AND PREPARED TO FIGHT VERY UPSET AND PREPARED TO FIGHT FOR THEIR PLANT. FOR THEIR PLANT. ONTARIO ASSEMBLY MEMBER JENNIFER ONTARIO ASSEMBLY MEMBER JENNIFER FRENCH SAID GM DIDN’T BUILD FRENCH SAID GM DIDN’T BUILD OSHAWA. OSHAWA. OSHAWA BUILD GM. OSHAWA BUILD GM.>>JOINING US IS KEITH NAUGHTON.>>JOINING US IS KEITH NAUGHTON.>>AM I MISPRONOUNCING IT?>>AM I MISPRONOUNCING IT? OSHAWA. OSHAWA.>>TORONTO SUBURB AND KNOWN FOR>>TORONTO SUBURB AND KNOWN FOR AUTOWORK. AUTOWORK. THE HEART OF CANADIAN AUTO THE HEART OF CANADIAN AUTO BUILDING. BUILDING. KEITH, WHAT DO WE KNOW ABOUT KEITH, WHAT DO WE KNOW ABOUT THESE JOB LOSSES AND THESE PLANT THESE JOB LOSSES AND THESE PLANT CLOSURES? CLOSURES? BIG, BIG, BIG NUMBERS. BIG, BIG, BIG NUMBERS.>>YEAH.>>YEAH. VERY BIG NUMBERS. VERY BIG NUMBERS. FIVE FACTORIES IS A LOT IN ONE FIVE FACTORIES IS A LOT IN ONE FELL SWOOP. FELL SWOOP. WHAT’S GOING ON HERE IS GENERAL WHAT’S GOING ON HERE IS GENERAL MOTORS CEO MARY BARRA TRYING TO MOTORS CEO MARY BARRA TRYING TO GET AHEAD OF TROUBLE. GET AHEAD OF TROUBLE. THE MARKET IS GOING DOWN THE MARKET IS GOING DOWN PARTICULARLY FOR THE CARS BUILT PARTICULARLY FOR THE CARS BUILT IN THE PLANTS. IN THE PLANTS. TRADITIONAL SEDANS LIKE THE TRADITIONAL SEDANS LIKE THE CHEVY IMPALA. CHEVY IMPALA. PEOPLE AREN’T BUYING THEM PEOPLE AREN’T BUYING THEM ANYMORE AND CLOSING THE PLANTS ANYMORE AND CLOSING THE PLANTS AND FOCUSING ON SPORT UTILITY AND FOCUSING ON SPORT UTILITY VEHICLES AND TRUCKS. VEHICLES AND TRUCKS.>>IS IT THAT THEY’RE>>IS IT THAT THEY’RE ELIMINATING THE JOBS OR CHANGING ELIMINATING THE JOBS OR CHANGING THEM? THEM? BECAUSE THE PRESIDENT HAS SPOKEN BECAUSE THE PRESIDENT HAS SPOKEN OVER AND OVER ABOUT AUTO JOBS OVER AND OVER ABOUT AUTO JOBS COMING BACK SPECIFICALLY TO COMING BACK SPECIFICALLY TO PLACES LIKE OHIO. PLACES LIKE OHIO. I WANT TO SHARE WHAT HE SAID I WANT TO SHARE WHAT HE SAID JUST LAST SUMMER. JUST LAST SUMMER.>>I RODE THROUGH YOUR BEAUTIFUL>>I RODE THROUGH YOUR BEAUTIFUL ROADS COMING UP FROM THE ROADS COMING UP FROM THE AIRPORT. AIRPORT. AND I WAS — I WAS LOOKING AT AND I WAS — I WAS LOOKING AT SOME OF THOSE BIG ONCE SOME OF THOSE BIG ONCE INCREDIBLE JOB PRODUCING INCREDIBLE JOB PRODUCING FACTORIES. FACTORIES. AND MY WIFE MELANIA SAID, WHAT AND MY WIFE MELANIA SAID, WHAT HAPPENED? HAPPENED? I SAID, THOSE JOBS HAVE LEFT I SAID, THOSE JOBS HAVE LEFT OHIO. OHIO. THEY’RE ALL COMING BACK. THEY’RE ALL COMING BACK. THEY’RE ALL COMING BACK. THEY’RE ALL COMING BACK. COMING BACK. COMING BACK. DON’T MOVE. DON’T MOVE. DON’T SELL YOUR HOUSE. DON’T SELL YOUR HOUSE. DON’T SELL YOUR HOUSE. DON’T SELL YOUR HOUSE.>>ARE THERE JOBS COMING BACK?>>ARE THERE JOBS COMING BACK? IS HE TALKING ABOUT SOMETHING IS HE TALKING ABOUT SOMETHING ELSE? ELSE?>>SADLY, FOUR OF THE FIVE>>SADLY, FOUR OF THE FIVE PLANTS GM IS CLOSING IS IN THE PLANTS GM IS CLOSING IS IN THE UNITED STATES INCLUDING A VERY UNITED STATES INCLUDING A VERY LARGE ONE IN OHIO. LARGE ONE IN OHIO. THE UNITED AUTOWORKERS UNION IS THE UNITED AUTOWORKERS UNION IS FURIOUS OVER THIS AND POINT OUT FURIOUS OVER THIS AND POINT OUT THAT GM IS BUILDING TRUCKS IN THAT GM IS BUILDING TRUCKS IN MEXICO AND BUICKS IN CHINA AND MEXICO AND BUICKS IN CHINA AND COULD BE BUILDING THEM IN THE COULD BE BUILDING THEM IN THE UNITED STATES. UNITED STATES. SO THEY’RE LOSING A LOT OF SO THEY’RE LOSING A LOT OF FACTORY WORKER JOBS HERE IN THE FACTORY WORKER JOBS HERE IN THE UNITED STATES. UNITED STATES.>>I JUST A MOMENT AGO SPOKE>>I JUST A MOMENT AGO SPOKE WITH THE MEXICAN ECONOMY WITH THE MEXICAN ECONOMY SECRETARY, THAT’S PART OF THE SECRETARY, THAT’S PART OF THE OUTGOING GOVERNMENT IN MEXICO, OUTGOING GOVERNMENT IN MEXICO, AND HE WAS SORT OF SAYING THAT AND HE WAS SORT OF SAYING THAT HE THINK IT IS AUTOMAKER’S WOES HE THINK IT IS AUTOMAKER’S WOES ARE STEEL PRICES DUE TOARIFFS ARE STEEL PRICES DUE TOARIFFS THAN ANYTHING ELSE. THAN ANYTHING ELSE.>>THERE’S CERTAINLY A HEAD WIND>>THERE’S CERTAINLY A HEAD WIND THAT THE PRESIDENT PUT ON STEEL THAT THE PRESIDENT PUT ON STEEL AND ALUMINUM COSTING AUTOMAKERS AND ALUMINUM COSTING AUTOMAKERS MILLIONS OF DOLLARS AND THERE’S MILLIONS OF DOLLARS AND THERE’S A MARKET SHIFT AS GAS PRICES A MARKET SHIFT AS GAS PRICES REMAINED LOW. REMAINED LOW. AMERICAN CONSUMERS ARE BUYING AMERICAN CONSUMERS ARE BUYING THE SUVs, THE TRUCKS AND THEY THE SUVs, THE TRUCKS AND THEY DON’T WANT THE CARS THAT ARE DON’T WANT THE CARS THAT ARE BUILT AT THESE FACTORIES ANY BUILT AT THESE FACTORIES ANY LONGER. LONGER.>>IN TERMS OF THESE LAYOFFS, IS>>IN TERMS OF THESE LAYOFFS, IS IT SIMPLY THAT THEY ARE GETTING IT SIMPLY THAT THEY ARE GETTING AHEAD OF HEADWINDS THAT ARE AHEAD OF HEADWINDS THAT ARE COMING OR ARE THEY OPTIMIZING COMING OR ARE THEY OPTIMIZING THE COMPANY? THE COMPANY? IN TERMS OF OPTIMIZING, CHANGING IN TERMS OF OPTIMIZING, CHANGING STRATEGIES TOWARDS AUTOMATION? STRATEGIES TOWARDS AUTOMATION? THAT WILL HAVE THE SAME BAD THAT WILL HAVE THE SAME BAD IMPACT FOR FACTORY WORKERS AND IMPACT FOR FACTORY WORKERS AND SAYS SOMETHING ABOUT THE COMPANY SAYS SOMETHING ABOUT THE COMPANY AND THE ECONOMY. AND THE ECONOMY.>>CERTAINLY GM IS TRYING TO>>CERTAINLY GM IS TRYING TO MAKE THE COMPANY LEANER AND MORE MAKE THE COMPANY LEANER AND MORE PROFITABLE. PROFITABLE. WHAT WE’RE ALSO SEEING HERE IS A WHAT WE’RE ALSO SEEING HERE IS A SHIFT TOWARD THE FUTURE. SHIFT TOWARD THE FUTURE. THE TWO TRANSMISSION PLANTS THAT THE TWO TRANSMISSION PLANTS THAT ARE CLOSING ARE HARBINGER OF ARE CLOSING ARE HARBINGER OF THINGS TO COME BECAUSE THE THINGS TO COME BECAUSE THE ELECTRIC VEHICLES THAT GM WANTS ELECTRIC VEHICLES THAT GM WANTS TO SELL IN THE FUTURE WON’T NEED TO SELL IN THE FUTURE WON’T NEED THE TRADITIONAL TRANSMISSIONS. THE TRADITIONAL TRANSMISSIONS. MORE OF THOSE PLANTS WILL BE MORE OF THOSE PLANTS WILL BE GOING AND GM TRYING TO SHIFT TO GOING AND GM TRYING TO SHIFT TO A FUTURE OF ELECTRIC CARS AND A FUTURE OF ELECTRIC CARS AND SELF DRIVING CARS. SELF DRIVING CARS.>>THE IMPALA MADE IN CANADA,>>THE IMPALA MADE IN CANADA, THE PRESIDENT ARGUES THAT HE THE PRESIDENT ARGUES THAT HE DOESN’T TALK ABOUT IT AS MUCH DOESN’T TALK ABOUT IT AS MUCH NOW BECAUSE THE NEW NAFTA DEAL NOW BECAUSE THE NEW NAFTA DEAL IS MADE BUT HE CONSTANTLY IS MADE BUT HE CONSTANTLY THREATENS TO SHUT OFF BORDERS THREATENS TO SHUT OFF BORDERS WITH MEXICO. WITH MEXICO. HE TALKED ABOUT SHUTTING IT HE TALKED ABOUT SHUTTING IT COMPLETELY DON’T CARS DON’T COME COMPLETELY DON’T CARS DON’T COME IN. IN. THERE ARE NO CANADIAN CARS AND THERE ARE NO CANADIAN CARS AND NOMEX KAHNE NOMEX KAHNE NO AMERICAN CARS. NO AMERICAN CARS. DOES THE U.S. PROTECT ITSELF DOES THE U.S. PROTECT ITSELF FROM THREATS LIKE THAT FROM THE FROM THREATS LIKE THAT FROM THE PRESIDENT? PRESIDENT?>>YOU KNOW, FOR CANADA,>>YOU KNOW, FOR CANADA, UNFORTUNATELY, THEY’VE BECOME IN UNFORTUNATELY, THEY’VE BECOME IN NORTH AMERICA THE HIGHEST COST NORTH AMERICA THE HIGHEST COST LOCATION TO BUILD A CAR. LOCATION TO BUILD A CAR. THAT’S BEEN WORKING AGAINST THAT’S BEEN WORKING AGAINST CANADA FOR SOMETIME AND THEY CANADA FOR SOMETIME AND THEY HAVE BEEN LOSING AUTO PRODUCTION HAVE BEEN LOSING AUTO PRODUCTION OVER TIME AS A RESULT. OVER TIME AS A RESULT. WITH ALL OF THE TRADE ACTIONS WITH ALL OF THE TRADE ACTIONS THAT PRESIDENT TRUMP IS ALREADY THAT PRESIDENT TRUMP IS ALREADY DOING OR IS CONTEMPLATING, DOING OR IS CONTEMPLATING, REALLY THE SAFEST PLACE TO BUILD REALLY THE SAFEST PLACE TO BUILD A CAR RIGHT NOW WOULD BE IN THE A CAR RIGHT NOW WOULD BE IN THE UNITED STATES. UNITED STATES. THAT’S WHERE THE MOST TARIFF THAT’S WHERE THE MOST TARIFF FREE. FREE. BUT THERE ARE STILL VERY LOW BUT THERE ARE STILL VERY LOW WAGES IN MEXICO, VERY LOW WAGES WAGES IN MEXICO, VERY LOW WAGES IN CHINA SO GENERAL MOTORS IS IN CHINA SO GENERAL MOTORS IS STILL CHASING THOSE, AS WELL. STILL CHASING THOSE, AS WELL.>>THANK YOU SO MUCH, KEITH.>>THANK YOU SO MUCH, KEITH. WHAT DO YOU THINK? WHAT DO YOU THINK?>>I’M LOOKING AT DOW.>>I’M LOOKING AT DOW. GENERAL MOTORS STOCK RIGHT NOW. GENERAL MOTORS STOCK RIGHT NOW. IT’S UP 5.7%. IT’S UP 5.7%.>>OKAY.>>OKAY. SO THIS IS WHAT’S SUPER SO THIS IS WHAT’S SUPER IMPORTANT FOR OUR AUDIENCE TO IMPORTANT FOR OUR AUDIENCE TO SEE. SEE. WHEN THE STOCK OF A COMPANY IS WHEN THE STOCK OF A COMPANY IS UP, REMEMBER WHAT THE STOCK IS UP, REMEMBER WHAT THE STOCK IS BASED ON. BASED ON. RIGHT? RIGHT? ARE CUSTOMERS BUYING? ARE CUSTOMERS BUYING?>>WILL THAT COMPANY MAKE MORE>>WILL THAT COMPANY MAKE MORE MONEY IN THE COMING YEAR? MONEY IN THE COMING YEAR?>>IF THEY HAVE LAYOFFS LIKE>>IF THEY HAVE LAYOFFS LIKE THIS, IT COULD BE A POSITIVE FOR THIS, IT COULD BE A POSITIVE FOR THE COMPANY AND DON’T CONFUSE THE COMPANY AND DON’T CONFUSE HOW’S THE ECONOMY DOING, HOW’S HOW’S THE ECONOMY DOING, HOW’S THE BROADER COUNTRY DOING AND THE BROADER COUNTRY DOING AND THE STOCK MARKET. THE STOCK MARKET.>>CORRECT.>>CORRECT.>>THIS IS A GOOD THING FOR THE>>THIS IS A GOOD THING FOR THE STOCK. STOCK. BUT TO THOSE THOUSANDS OF BUT TO THOSE THOUSANDS OF WORKERS OUT THERE, FOR ALL OF WORKERS OUT THERE, FOR ALL OF THOSE THE PRESIDENT WENT TO SEE THOSE THE PRESIDENT WENT TO SEE AND SAID I’LL BRING JOBS BACK AND SAID I’LL BRING JOBS BACK WITH A MASSIVE CORPORATE TAX WITH A MASSIVE CORPORATE TAX CUT, GM’S DROPPING 15,000 JOBS. CUT, GM’S DROPPING 15,000 JOBS.>>WE SAW THIS IN THE RECESSION.>>WE SAW THIS IN THE RECESSION. I HAVE BEEN TO EACH OF THOSE I HAVE BEEN TO EACH OF THOSE PLANTS. PLANTS. MICHIGAN, OHIO, AND OSHAWA. MICHIGAN, OHIO, AND OSHAWA. THESE ARE TOUNLSWNS THAT ARE BUI THESE ARE TOUNLSWNS THAT ARE BUI AROUND THOSE PLANTS. AROUND THOSE PLANTS.>>WE SAW THAT IN THE WHIRLPOOL>>WE SAW THAT IN THE WHIRLPOOL PLANT. PLANT.>>SHUTS THE PLACE DOWN.>>SHUTS THE PLACE DOWN. NOW, LOOK, IN ALL OF THOSE NOW, LOOK, IN ALL OF THOSE PLACES THERE ARE OTHER THINGS PLACES THERE ARE OTHER THINGS AROUND IT AND MORE WORRIED ABOUT AROUND IT AND MORE WORRIED ABOUT THE OHIO PLANT THAN OSHAWA. THE OHIO PLANT THAN OSHAWA. SO, THERE’S OTHER STUFF GOING ON SO, THERE’S OTHER STUFF GOING ON ECONOMICALLY. ECONOMICALLY. BUT THE SCHOOLS, THE AUTO BUT THE SCHOOLS, THE AUTO DEALERS, THE HAIRDRESSERS, THIS DEALERS, THE HAIRDRESSERS, THIS IS THE THING TO REMEMBER. IS THE THING TO REMEMBER. WHEN A PLANT SHUTS DOWN, NOT WHEN A PLANT SHUTS DOWN, NOT LOSING A SHIFT. LOSING A SHIFT. IN LORDSTOWN FROM THREE TO ONE IN LORDSTOWN FROM THREE TO ONE SHIFT AND PEOPLE’S LIVELIHOODS. SHIFT AND PEOPLE’S LIVELIHOODS.>>THE VALUE OF THE HOMES.>>THE VALUE OF THE HOMES.>>TRY TO SELL A HOUSE.>>TRY TO SELL A HOUSE. THE JOB’S GONE AND NEED TO MOVE THE JOB’S GONE AND NEED TO MOVE AND SELL YOUR HOUSE AND AND SELL YOUR HOUSE AND EVERYBODY ELSE IS SELLING THEIR EVERYBODY ELSE IS SELLING THEIR HOUSE. HOUSE.>>WHAT IS MARY BARRA’S JOB>>WHAT IS MARY BARRA’S JOB THEN? THEN? TO SUPPORT THE CITIES OR TO SUPPORT THE CITIES OR OPTIMIZE THE COMPANY? OPTIMIZE THE COMPANY?>>ARGUABLY THESE BLUE COLLAR>>ARGUABLY THESE BLUE COLLAR WORKERS WHO BUILT CARS FOR THE WORKERS WHO BUILT CARS FOR THE LAST 100 YEARS HAVE BEEN LAST 100 YEARS HAVE BEEN SUPPORTING THEIR CITIES, THEIR SUPPORTING THEIR CITIES, THEIR COMPANIES, THEY HAVE HELPED TO COMPANIES, THEY HAVE HELPED TO BUILD AMERICA AND THERE’S SOME BUILD AMERICA AND THERE’S SOME DEGREE OF OBLIGATION THAT WE DEGREE OF OBLIGATION THAT WE HAVE TO THESE WORKERS WHO BUILT HAVE TO THESE WORKERS WHO BUILT OUR COUNTRY. OUR COUNTRY.>>BUT THEN THE QUESTION IS,>>BUT THEN THE QUESTION IS, WHEN DOES THAT OBLIGATION BECOME WHEN DOES THAT OBLIGATION BECOME A PRIORITY FOR THOSE CEOs? A PRIORITY FOR THOSE CEOs? WE HAVE BEEN ON COUNTLESS WE HAVE BEEN ON COUNTLESS ANALYST COULDS. ANALYST COULDS. WHEN THOSE COMPANIES REPORT WHEN THOSE COMPANIES REPORT EARNINGS AND THE ANALYSTS ARE EARNINGS AND THE ANALYSTS ARE ASKING ABOUT CUSTOMERS, ON ASKING ABOUT CUSTOMERS, ON BEHALF OF SHAREHOLDERS. BEHALF OF SHAREHOLDERS. THEY’RE NOT TALKING ABOUT THE THEY’RE NOT TALKING ABOUT THE TOWNS THOSE FACTORIES ARE TOWNS THOSE FACTORIES ARE LOCATED IN. LOCATED IN.>>WE HAVE GOT MORE OPEN JOBS>>WE HAVE GOT MORE OPEN JOBS THAN WE HAVE WORKERS. THAN WE HAVE WORKERS. WHAT WE NEVER DO AHEAD OF TIME WHAT WE NEVER DO AHEAD OF TIME IS THINK ABOUT HOW TO RETRAIN IS THINK ABOUT HOW TO RETRAIN THEM. THEM. RIGHT? RIGHT? WHAT IF EVERYBODY THAT GOT A WHAT IF EVERYBODY THAT GOT A PINK SLIP TODAY, THEY DIDN’T GET PINK SLIP TODAY, THEY DIDN’T GET A PINK SLIP BUT A PLAN. A PINK SLIP BUT A PLAN.>>RETRAINING PROGRAM.>>RETRAINING PROGRAM.>>WHAT THAT WILL COST.>>WHAT THAT WILL COST.>>WHOSE JOB IS IT TO DO THAT?>>WHOSE JOB IS IT TO DO THAT?>>GERMANY UNDERSTANDS A LITTLE>>GERMANY UNDERSTANDS A LITTLE BIT OF IT. BIT OF IT. WHOSE JOB IS THAT? WHOSE JOB IS THAT? VERY, VERY IMPORTANT QUESTION VERY, VERY IMPORTANT QUESTION FOR OUR TIME BECAUSE MUCH MORE FOR OUR TIME BECAUSE MUCH MORE AUTOMATION IS COMING OUR WAY. AUTOMATION IS COMING OUR WAY. THAT’S THE — EVERY JOB THAT WE

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77 thoughts on “General Motors Announces Sweeping Layoffs For North American Workers | Velshi & Ruhle | MSNBC”

  • Only salvation to our economy is to elect a democrat president in 2020!!!!!!!!!!!! WAKE UP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • If GM was smarter, they would have just layed off a dozen or so people here and there, they could have even done it frequently.

    People would have time to find new placement, instead of having whole communities now overwelemed with unemployment.

  • …while Japanese and Koreans just open and open new factories, because they simply know how to build a product that customers want.

  • You can tell Ali Velshi grew up in Canada 🇨🇦 because he pronounces “OSHAWA” correctly unlike his co anchor although on no fault of her own. Come on Ali as a good Canadian you should have gave your co worker the heads up on the pronunciation of OSHAWA before you both went live!😂

  • Patrick Baptist says:

    GM = Government Motors. The murikan version of yugo LOL. They should have never been bailed out, the money should go to the people of the land instead.

  • And why can't they take these factories and convert them to produce electric vehicles? Why can't they put these workers on the path to transform these locations instead of laying them off?

  • Lol, this is the payback the Democrats are telling GM to do because they cannot stand President Trump is fixing their mess ups. Simple people!

  • Union Pacific Rail Road already begin too lay off their employees under what they call Unified Plan 2020 , the total jobs they want to eliminate before the end of 2019 is around 11,000 or 30% of the actual amount of employees and this is not on the news yet , the strategy they are using is to lay off small groups on different locations so they don't want this to show up on the news

  • That's O.K. trumpanzees voted for him now they've got to live with their decision. I am LOVING watching trump screw those dumb Deplorables who were too stupid to know what was good for them. Now they are crying like little babies. Hahahahahahahahaaaaaaaaaaaaa! trump promised you JOBS and YOU BELIEVED HIM! Hahahahahaaaaa!

  • Die chevrolet man they are not by the chevrolet impala cause its junk.as a owner of 94 SS.rear wheel drive cars are better just go back to yo roots GM put a corvette engine back in the Impala SS

  • Honestly, this should be a wake up call to people that manufacturing jobs are never staying in the US. US pays its workers a lot when compared to developing countries, even if its minimum wage. Never stop learning and pick up a stem degree and move to cities that have tech sectors..

  • Christopher Bedenbaugh says:

    should never bail out a business in the first place if a business can't make it then it dies government should never use tax payers money to bail out companies period

  • Christopher Bedenbaugh says:

    well why don't the politicians make a law that you can't sell a car in the US market if its not made here they won't because they don't care

  • Christopher Bedenbaugh says:

    journalist are losing there jobs because people are tuning out so journalists need to start retraining in other field like maybe coding cause thats what they told the coal miners what comes around goes around

  • I have an idea tell general motors if they insist on doing this that we Americans will stop buying their products hit them where it hurts

  • GM transfer their factory to Mexico and China because labour is much cheaper over there. It is beneficial for GM's balance sheet, stock market react positively, GM up 5%. Real Capitalism only bother about profit, not about human.

  • I rather take the bus and save money than to purchase a self driving car. I wouldn't have to pay insurance, fuel, maintenance costs, and I wouldn't have to be liable if I'm in a wreck. I see no point in buying a vehicle if I can't drive it. I wonder how the Auto industry likes the sound of that.

  • These layoffs don't have anything to do with Trump. You guys want small crossovers and pickup trucks. GM responded by cutting car manufacturing. It's simple business. If you want to blame someone, blame yourselves. You all have made the choice to drive soccer mom vehicles. Don't get suprised when GM switches manufacturing strategies.

  • Iv e been a faithful Chevy owner all my life but at this time I would not buy a Chevy for all the gold in tbe world. Why but a car that's not being made anymore?? Its ridiculous. Dint buy gm now or in the future. You have no.idea how this hurts me to say. I'm an old mechanic so need my words. Cars that aren't being built will not have parts as soon as the vendors run out. But at your own risk.

  • Trump is the most ignorant president we've seen. No jobs are coming back. Not GM and not Ford. Toyota and nissan will employ GM's and Ford's assembly workers.

  • Hey GM .. if you're closing down plants in the US, you might as well shut down your corporate headquarters and move it to Mexico.

  • No president can promise nothing to nobody it's all a show Dem or Rep they all work for the same people who make the money Don't be a fool Follow the money is all you have to do .Wake up .

  • Forgot to mention those supporting chain suppliers, they will be filing bankruptcy in no time. Then there are all those bad debts for the banks, from mortgages to personal loans, to corp debt. The domino effect is gigantic. Yeah don’t sell your house, cos the repo man is picking them up. Stupid tariffs at work, history repeating itself over and over again, and the dumb and dumber lining up to support Trump.

  • If GM move to Mexico all we have to do is stop supporting that company by stop buying there car's and if you own a GM vehicle trade it in for something else. We the people made these Corporation with they are without your support GM is nothing and will go out of business and they should remember that.

  • I thought the purpose of steel tariffs was to make the imported steel so expensive that the companies will start buying steel here. Is it still more expensive to buy American steel than imported steel with tariffs? If gm keeps buying imported steel anyway doesn't that defeat the purpose of tariffs?

  • GM is closing plants in America and opening plants in Mexico and this is after the tax payers bailed this company out. Time to declare bankruptcy.

  • So why can they just build the SUVs and trucks that sell well in those same plants?! I mean is it that difficult to bring some of the manufacturing from other states/countries back here? 🧐

  • I own 2 80's chevys, and listing to this i will never buy another again gm product again to back my brothers and sisters that are working for gm to have good family and build retirements.

  • Don't forget carrier the air conditioning company that trump gave a big tax break there are only a few hundreds employees left after tRump promised to keep those jobs
    Fools got bamboozled.

  • Another reason that no one is talking about for why these cars arent selling is the criteria at dealerships. People with bad or no credit have harder times leasing these vehicles because the banks that are partnered with the dealerships wont approve them. Now these dealereahips are stuck with a gluttony of cars because of exclusion.

  • Courtesy of Obama giving direction in the back ground to that loser ceo at GM, she’s one of them, orchestrating this to influence the 2020 presidential election.

  • Here we go with more rounds of winning around America. We have no choice but to ride the donkey's decision of white house disaster. No one to blame here, we just need to learn and move on after that orange monster.

  • they blame on Trump….  the problem is Toyota, Honda, Hyundai, Nissan, Fiat, BMW, Mercedes Benz…… they make much much better cars…..   people buy QUALITY products….  get the idea about your problems…..  Trump does not run GM…..  morons..

  • Don Solognier says:

    Cheap label in Mexico make different, not in the U.S. But still export Chevrolet in the U.S.? Where is the conflict of CEO talking about? Is Chevrolet bankruptcy? Because still build Chevrolet in Mexico! And how the enter in the U.S.? Whit the same price of much higher? Hello!! Thank you Barack Obama without scruple

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