President Trump Threatens To Cut GM's Subsidies

DETROIT, MI — President Donald Trump tweeted Tuesday about General Motors’ newly-announced plan to save $6 billion by laying off thousands of workers, closing several plants and discontinuing multiple vehicles.

He said he was unhappy with the automaker's leadership and threatened to cut its subsidies.

Here is what Trump tweeted Tuesday afternoon:

"Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland. Nothing being closed in Mexico & China. The U.S. saved General Motors, and this is the THANKS we get! We are now looking at cutting all @GM subsidies, including for electric cars.General Motors made a big China bet years ago when they built plants there (and in Mexico) - don’t think that bet is going to pay off. I am here to protect America’s Workers!"

GM announced Monday that it will cut as many as 14,000 workers in North America and put five plants up for possible closure, including in Michigan, Ohio and Canada.The cuts include about 8,000 white-collar employees, or 15 percent of GM's North American white-collar workforce. Some will take buyouts while others will be laid off.

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