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Kudlow warns GM and Mary Barra

Published 11/27/2018, 01:47 PM
© Reuters.  Kudlow warns GM and Mary Barra
GM
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  • White House Economic Adviser Larry Kudlow says President Trump is very cross with General Motors (GM -1.5%) CEO Mary Barra and that the "story is not over" in reference to the company's plans to eliminate jobs and shut down plants in the U.S.
  • GM has stated that it's making the cuts as part of a global strategy to produce most of its cars from just five vehicle architectures amid an electrification push and in response to low demand for passenger cars made at the plants in question. While Barra and the other top brass at GM have pointed out in the past the company's +$1B in extra costs from steel and aluminum tariffs, they also have avoided any direct war of words with the Trump administration.
  • Shares of GM are up 4.4% for the week.
  • Previously: Meet the new GM (Nov. 26)
  • Previously: Trump weighs in on GM's plans (Nov. 26)
  • Now read: Market Shrugs Off Latest U.S. Tariff Provocation


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