GM Stock: This Is How General Motors Countered Trump

GM Stock: This Is How General Motors Countered Trump

  • Buz Investors General Motors Countered Trump (NYSE:GM) stock is in the news again after another tweet from President-elect Donald Trump. Trump resorted to his favorite medium—Twitter—
  • to criticize GM. He posted the following tweet on Tuesday, saying that the company is making “Chevy Cruz” models in Mexico and sending them to U.S. dealers tax-free. He warned that there would be a big border tax coming if the company does not produce cars in the US.
  • GM imports a small number of a certain Chevrolet Cruze model from Mexico that is sold in the U.S. And the company sent a befitting reply through its statement: “All Chevrolet Cruze sedans sold in the U.S. are built in GM’s assembly plant in Lordstown, Ohio. GM builds the Chevrolet Cruz

General Motors Countered Trump

General Motors Countered Trump

General Motors Countered Trump  GM imports a small number of a certain Chevrolet Cruze model from Mexico that is sold in the U.S. And the company sent a befitting reply through its statement: “All Chevrolet Cruze sedans sold in the U.S. are built in GM’s assembly plant in Lordstown, Ohio. GM builds the Chevrolet Cruz hatchback for global markets in Mexico, with a small number sold in the U.S.” (Source: “Statement on GM Production of the Chevrolet Cruze,” General Motors Company, January 1, 2017.)

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Donald Trump had earlier started this attack on Ford Motor Company (NYSE:F) for moving jobs to Mexico. But General Motors had been quietly going ahead with plans it had made many years back.

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General Motors Countered Trump

GM advanced on its $800.0-million investment for its global small-car lineup that included a factory retooling in San Luis Potosi state. That plant and another facility in Mexico were to build the all-new “Chevy Equinox” sport-utility vehicle in the year 2017, as per people familiar with the matter. GM had further said that only the new Equinox will be built in a factory in Canada and two other sites. (Source: “GM invests millions in Mexico as Ford absorbs blows from Trump,” Chicago Tribune, October 14, 2016).

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Major Aerospace Stocks ( GOOG)   (MSFT ) ( AAPL ) (BBRY ) ( gopro )  ( WDC )




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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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