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US President Donald Trump said in an interview with CNN that he had been dissatisfied with the decision of General Motors to close five of its plants in North America, reducing about 10 thousand employees. The president, one of whose priorities is the revival of industrial production in the country, reminded the head of General Motors, Mary Barra, that in 2008 the company received state aid. According to Donald Trump, the automaker is obliged to reopen these plants in order to start producing new car models. Earlier it was reported about the plans of General Motors to close 4 plants in the US and 1 in Canada, which produced less popular models of cars. According to the new strategy of the company, it intended to increase investment in the development of electric vehicles and self-driving cars 2 times.
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
U.S. President Donald Trump’s administration said on Monday that the small business pandemic aid program worth $660 billion was as a “wild success.” The data showed that 51 Million jobs for America’s small businesses ...
Asia’s manufacturing pain stopped pressing in June. This followed after China’s factory sector recovered, boosting optimism that the region has survived the worst of the novel coronavirus crisis. China’s Caixin/Markit Manufacturing ...
On Thursday, President Donald Trump renewed his threat to cut ties with China a day after the U.S. Trade Representative Robert E. Lighthizer told Congress that Trump did not see decoupling the U.S. and Chinese economies as a viable option. “It ...
On Wednesday, the Trump administration said that it would push for a broad reset of “outdated tariff determinations” at the World Trade Organization (WTO) to arrange what it sees as years of unfair treatment of the United States. According ...
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