GM to close 5 North American factories and slash over 14,700 jobs (border, states)

[Pilot1]

People want large SUV's, and pick up trucks now, not sedans, or EV's. The company is just responding to the market. Plants close, plants open. That's the business world.

[tripleh]

Originally Posted by KayAnn246

GM did warn that they are out $1 billion because of tariffs months ago. Other companies like Target have also issued warnings. Trump isn't good for America. We are more divided than ever. Companies are starting to feel the effects of his economic policies. We will be in recession late next year or going into 2020.

You can thank Obama for the divisiveness.

It is correct that the probability is high we will be in a recession in the next 2 years, but it wont be because of Trump..it will be due to the economic cycle.

[DRob4JC]

Originally Posted by Corrie22

LOL...so GM makes crap cars that no one buys....and it's Trump's fault...and tariffs fault

And GM is going to focus on more little electric golf carts....while.....Ford is getting rich on trucks

..you can't fix stupid

Not crap cars... but cars that are not in demand.

It was GMs bad forecasting. People don't want sedans right now.

[silverkris]

Originally Posted by Finn_Jarber

I doubt they are willing to take the risk in our increasingly hostile political climate. One Tweet can turn things upside down for foreign companies.

BMW, Mercedes-Benz, and VW already have plants in the USA.

[LordBalfor]

Originally Posted by DRob4JC

Not crap cars... but cars that are not in demand.

It was GMs bad forecasting. People don't want sedans right now.

Apparently Ford had bad forecasting too. It announced just a month or so ago that it was dropping all but 2 of it's cars.

Ken

[ChrisC]

Originally Posted by LordBalfor

Apparently Ford had bad forecasting too. It announced just a month or so ago that it was dropping all but 2 of it's cars.

Ken

So Ford is going to have a choice of two cars? That should help with sales. Are they going to be available in any color, so long as it is black?

[silverkris]

Originally Posted by LordBalfor

Apparently Ford had bad forecasting too. It announced just a month or so ago that it was dropping all but 2 of it's cars.

Ken

Maybe "bad forecasting" isn't really the case here. Ford is responding to a market trend proactively (fewer passenger cars), and so are other motor vehicle manufacturers. Even VW has dropped its Passat sedan here (produced in Tennessee).

[Pilot1]

Originally Posted by silverkris

BMW, Mercedes-Benz, and VW already have plants in the USA.

So do Toyota, Nissan, Honda, and others as well as sub assembly plants, and contractors. Mostly located in southern, right to work states.

[Corrie22]

So GM was in such bad shape..the government had to give them $13 1/2 billion
..and they've blown through that in 10 years

cut the cord...let them go..show them the door

There's car companies all over the world that will move in to take their place...

[LordBalfor]

Originally Posted by ChrisC

So Ford is going to have a choice of two cars? That should help with sales. Are they going to be available in any color, so long as it is black?

Apparently Ford cars aren't selling either. Actually I had the Ford announcement date wrong, it was not announced last month, it was back in April. The only "cars" it's going to offer are the Mustang and the upcoming Ford Focus Active. Everything else will be an SUV or a truck.

https://money.cnn.com/2018/04/25/aut...ica/index.html

Ken