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Washington Shares Displeasure with GM’s Resolve on Factory Closings

At the close of 2019, Washington shared its displeasure with General Motors’ resolve to close factories and lay off workers. Chief Executive Officer Mary Barra says the plan that would save General Motors about $6 billion involves laying off 14,000 workers and stalling five North American factories. This decision, she says, illustrates the company’s resolve in the face of huge industry challenges like higher supply costs and shifting customer preferences.

This announcement has been met with applause and backlash. Wall Street has largely applauded GM’s efforts to free money for investment in electric and self-driving vehicles. Others, however, have perceived this resolve as seriously undermining President Trump’s promises – promises to restore factory jobs in states like Ohio and Michigan. Furious criticism has also been hurled across both sides of the aisle in Congress.

“The U.S. saved General Motors, and for her to take that company out of Ohio is not good,” Trump told reporters. The President was of course referring to the government’s bailout of the auto maker in the midst of the Great Recession. “I told her I’m not happy about it at all.”

President Trump did not stop there. The very next day, he clarified the extent of his displeasure on Twitter. “It’s a great disappointment,” stated Larry Kudlow, the president’s top economic adviser.

To make matters worse, GM’s announcement came just days before the scheduled signing of a revised trade agreement with Mexico and Canada; this agreement provides higher incentives for building cars in North American factories that employ higher-paid workers.The explanation? GM was careful to say that cutbacks were because of slowing sales of small cars and sedans. The Chevrolet Impala and Cruze, for example, will be discontinued in the U.S. The company also noted that raw material costs rose $300 million in the second quarter, due to President Trump’s double-digit levies on steel and aluminum imports (which took effect in July).

U.S. Sen. Sherrod Brown also shared his displeasure with GM’s decision, “Taxpayers rescued GM.” He went on to refer to the financial crisis bailout, in which the government invested $51 billion to prop up the automaker, ultimately losing about $11.2 billion.

While GM pushes forward with its plans, others are still fighting to keep jobs where they are and have their “voices be heard”. As the taxpayers, lawmakers, and business owners alike wait to see what happens next, there are services available that can help, like tire financing bad credit. These services can help auto companies provide exceptional options to customers and keep business running smoothly.Author Bio:As the FAM account executive, Michael Hollis has funded millions by using tire financing bad credit solutions. His experience and extensive knowledge of the industry has made him financeexpert at First American Merchant.

Gearing Up for the Holiday Season

Owning a high-performance auto is something many people feel signifies their career success.  The vehicle itself naturally has value and offers speed, comfort, and performance.  But the ownership of the vehicle also gives the public the message that the owner has achieved an enviable financial and social status.    At the same time, owning such a vehicle also means maintaining it, and many folks are surprised to learn what such maintenance entails.  Finding a really good mechanic and maintenance shop for your high-performance auto is almost as important as finding a quality pediatrician for your children.

 And when one’s vehicle in the shop for overhaul or upkeep is the time when you want to sit back and enjoy the comforts of your home.  Of course, your home is furnished with the finest products, furniture, decorations, lighting flooring and accent items that behoove a person in your position.  That is why you’ve most likely found the most desirable items at the Home Decorators Collection.  On their website you can find the most attractive lighting elements, ceiling fans, bedroom suite sets, and living room furniture that can make your home the perfect place for one to live and entertain guests.  And you can find these items and use a Groupon coupon to take advantage of their latest sales and discounts offered for the fall and winter.  You are probably already making plans for special holiday events and invites.  Now is the perfect time to take advantage of one of those Groupon coupons and obtain the item that will most impress your friends and visitors when they come to enjoy a holiday cocktail or when you treat them to a home-cooked holiday dinner.  And after dinner is a perfect time to discuss car shop issue with your guests.

 Then you can look ahead to visiting your guests with your date or spouse when your car is ready to get out on the winter streets and be part of the joyous holiday season.  It can be something to look forward to, even more than the ball games and TV specials.  After all, the most pleasant part of a holiday is the chance to share good times with good people.  So, get your home ready for the season by taking advantage of Home Decorators Collection’s fall selections.  Make the new additions your present to your friends and guests as well.