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Under fire, GM CEO Mary Barra, making the rounds on Capitol Hill today defending her decision to lay off thousands of workers and close plants in Ohio, Michigan and Maryland but making no promises. Would you consider using those plants for new production lines? It's incredibly difficult to make these types of decisions so our focus is on GM team members that are impacted. GM is shifting truck and SUV production to Mexico focusing on new electric vehicles and ending production of sedans, notably the Chevy Volt and Cruze. We're really blindsided by this.
We didn't expect it at all. GM's decision comes the same year at benefited from president Trump's corporate tax cut and eight years after taxpayer spent thirteen billion dollars bailing it out. Congress now considering new laws that would remove corporate tax incentives for moving jobs overseas. We're not asking for charity but we're asking for is to give the community and the workforce the opportunity to once again show what they can do. But many analysts insist GM is making the tough decisions to compete in a cutthroat industry. GM's decision has provided some rare bipartisanship in Washington. Widespread condemnation with both Republicans and Democrats considering ways to punish the company.
