Behind GM's decision to restructure and "invest in the future"

GM could lay off up to 14,000 workers, including 15 percent of salaried employees. The auto giant will stop production at five of its factories in Michigan, Ohio, Maryland, and Ontario, Canada. It's also discontinuing luxury and compact sedans that had sluggish sales. Fortune magazine senior editor-at-large Leigh Gallagher joins "CBS This Morning" to discuss the layoffs.
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Пікірлер: 257

  • @Johnny53kgb-nsa
    @Johnny53kgb-nsa5 жыл бұрын

    I'm sick and tired of hearing about manufacturing jobs are a thing of the past and we have to retrain our work force. Things are still being made, it's there just being made overseas now. Since 2000 over 80,000 companies/factories have closed their doors, laid off American workers, and moved overseas. Over 80,000 plants, equals millions of people/jobs! They just didn't stop making these products, they just stopped making them in America. It's BS ! These companies are exploiting cheap labor overseas and saying F--- you American workers, and also cheating the US government out of billions in tax revenue. Stop hiding behind phoney reasons, such as technology, or retrain workers, or manufacturing no longer exist. If the bleeding doesn't stop, the only job's left to " retrain " American's for will be at McDonald's flipping burgers.

  • @Cmorrison626

    @Cmorrison626

    5 жыл бұрын

    Nah. Automation will soon consume flipping burgers as well.

  • @felipeorozco719
    @felipeorozco7195 жыл бұрын

    They want to invest into self driving cars? They can’t even built a damn transmission

  • @PlymouthNeon

    @PlymouthNeon

    4 жыл бұрын

    they can't even invest in their own factory workers.

  • @ravender8930
    @ravender89305 жыл бұрын

    GM's main problem is nobody wants their cars... that's it!

  • @heraldomedrano6993

    @heraldomedrano6993

    5 жыл бұрын

    Buy Japanese

  • @fauxbro1983

    @fauxbro1983

    5 жыл бұрын

    Because American consumers are wanting more SUVs and trucks

  • @JorgePerez-rb1he

    @JorgePerez-rb1he

    5 жыл бұрын

    I’m a auto transporter and all we haul is Toyota and Honda , once in a blue moon we haul Chevy or Ford , as far as dodge , we only do trucks and jeeps

  • @MAGAisacult

    @MAGAisacult

    5 жыл бұрын

    Part of the reason GM/Ford are eliminating passenger cars IS because of TRUMPS EPA. They only made high mileage low profit models to meet EPA requirements for across the models mpg ratings. TRUMPS EPA eliminated them. Cult members are idiots.

  • @grandpa5508

    @grandpa5508

    5 жыл бұрын

    Not really. Folks are getting less and less from current government economic policies. The middle class was the ones buying the cruze and other smaller cars either for themselves or children going to college... but to hide the real issues they come up with these lame reasons...

  • @artcurious807
    @artcurious8075 жыл бұрын

    Mary Barra is a joke. There is no reason GM can’t stay and try to refit the plants to new domestic markets.

  • @jshepard152

    @jshepard152

    5 жыл бұрын

    Art Curious There is a reason. They're idling the worst plants with the worst quality and the most labor problems. It's not random.

  • @PQR1316

    @PQR1316

    5 жыл бұрын

    @@jshepard152 "Oshawa Assembly is the most decorated plant with 29 J.D. Power awards, a proven track record of great quality and customer satisfaction. In 2014 Oshawa was recognized as the most complex facility in North America building several models and options on the Flex Line while also running a Consolidated Line within one plant".

  • @3markaw

    @3markaw

    5 жыл бұрын

    I agree with you but aren't they the ones always walking out and threatening strikes ?@@PQR1316

  • @jshepard152
    @jshepard1525 жыл бұрын

    When do we get our $11.2 billion back? Oh, right. Never.

  • @petebusch9069
    @petebusch90695 жыл бұрын

    The problem with GM is they make crappy cars and trucks and have done it since the late 80's. Sedans are not going out of style, Toyota and Honda sells TONS of them because they make a quality product.

  • @racerd3801

    @racerd3801

    5 жыл бұрын

    The Chevrolet VOLT is the very best Range extended car ever made, it makes anything made by the Japanese or Koreans look stupid. It will get at least twice or 3 times the gas mileage of any other hybrid on the road. Of course, GM is stopping production of the Volt. There are VOLTS on the road with over 400,000 miles on them with NO battery degradation at all, How many battery changes would you Prius or leaf have been thru in that many miles. And just think you do not have to feel embarrassed to be seen driving one?

  • @Paintball1212
    @Paintball12125 жыл бұрын

    GM and Ford don't make good cars so of course no one is buying them. I rather have a Toyota anyways. They don't break down often but I guarantee you that they will still get their million dollar bounces.

  • @casualsuede

    @casualsuede

    5 жыл бұрын

    Whether that is true or not doesn't discount what they did, in fact your statement shows this type of drastic action was actually needed to get rid of the old crap laden past.

  • @geoffdearth7360

    @geoffdearth7360

    5 жыл бұрын

    Toyotas get million dollar bounces? Whatever those are.

  • @PlymouthNeon

    @PlymouthNeon

    4 жыл бұрын

    Just make GOOD sedans and it will sell. Otherwise, of course, car sales will go down.

  • @ibrahimpasha8229
    @ibrahimpasha82295 жыл бұрын

    You can’t convert line workers into programmers......wtf

  • @keithbell9348

    @keithbell9348

    4 жыл бұрын

    They would agree with you. That's why your seeing more and robots set up on the floor. All you need then is a handful of engineers and skilled tradesmen. And if you think I'm joking, guess again. I have seen this scenario played out and repeated over the last 32 yrs I worked for GM. Doesn't matter about our opinion. They are doing it.

  • @jamergamer0076
    @jamergamer00765 жыл бұрын

    Its called capitalistic greed. See how you feel when your job is cut because people at the top are making 239 times the companies average worker.

  • @casualsuede

    @casualsuede

    5 жыл бұрын

    Greed is the american way and has always been. People are acting like this is a new phenomenon! Look at trump, willing to get influenced by the russians for a trump tower building to be built in downtown moscow....you think he was being anything other than greedy?

  • @itsmeanthony9704

    @itsmeanthony9704

    5 жыл бұрын

    James Young rather have this than Totalitarian Communism thanks.

  • @bradleypollack5658

    @bradleypollack5658

    5 жыл бұрын

    You need a balance between capitalism and socialism to have a successful economy. Not extreme capitalism or extreme socialism. Right now extreme capitalism has taken over. There are no controls on these corporations and they keep buying each other up left and right creating mega monopolies. Which is horrible for consumers and employees. Example AT&T and Spectrum. Which causes no competition. In turn is higher prices and deregulation ex getting rid of net neutrality. That’s hard core capitalism that’s horrible. In the 50’s we had a strong economy mainly because of unions and stronger government intervention. A better balance of socialism and capitalism. In turn there was a better balance of middle class and rich. The rich were taxed at 80% in comparison to 25% today and we had a lower deficit and was able to build the interstate highway system and other public works systems that helps everyone including big corporations!

  • @paulbroderick8438
    @paulbroderick84385 жыл бұрын

    ………."four door passenger cars are going out the window'. Perhaps GM's are, but not Honda or Toyota. GM would just love to make $70,000 trucks 24/7.

  • @JorgePerez-rb1he

    @JorgePerez-rb1he

    5 жыл бұрын

    paul broderick agree , I’m an auto transporter and we can stop hauling Toyota’s and Honda’s , even Subaru’s are in high demand , sad to say that ford and gm are getting whoop by this companies , I love Chevy sad they are closing business

  • @MAGAisacult

    @MAGAisacult

    5 жыл бұрын

    Part of the reason GM/Ford are eliminating passenger cars IS because of TRUMPS EPA. They only made high mileage low profit models to meet EPA requirements for across the models mpg ratings. TRUMPS EPA eliminated them. Cult members are idiots.

  • @Zero.Requiem

    @Zero.Requiem

    5 жыл бұрын

    @@MAGAisacult copy paste NPC I've seen your comment on every thread hehehe

  • @hannecatton2179
    @hannecatton21795 жыл бұрын

    Things ARE changing rapidly. Here in Denmark ALL cars must be electric in 12 years time. R and D , design and retooling for mass production means that to survive the vehicle makers must begin now or go under. Some began a number of years ago and have a head start.

  • @sondrejohansen48

    @sondrejohansen48

    5 жыл бұрын

    Same here in Sweden too. I see new charging stations popping up around Stockholm every other week, and they are replacing gas stations. I show quite a few gas stations being closed down throughout this year, at the same time a lot of gas stations have also started implementing charging stations and I see a lot of EVs from VW, Volvo and Nissan and even Tesla around the city. Meanwhile our neighbour Norway, well 47% of the car sales in first half of 2018 were all EVs so its progressing very fast! Btw you guys are too expensive!😂

  • @grezko4871

    @grezko4871

    5 жыл бұрын

    @Nplos Le yeah sure joe, go back to your red state.

  • @chrisritter4667

    @chrisritter4667

    5 жыл бұрын

    You in Denmark don't make cars. And Sweden Volvo is owned by whom? Both countries are not technology leader's.

  • @igorurbanek8217

    @igorurbanek8217

    5 жыл бұрын

    It remined me communism 5 year planing, in 12 years changing will rapidly turn Eurounion into closet dweller on bicycle, work, eat and sleep, no need a car at all.

  • @ianmuir3640
    @ianmuir36405 жыл бұрын

    She is earning $22million a year, does the public really think that she cares about the layoffs

  • @gregimusprime7478
    @gregimusprime74785 жыл бұрын

    apparently trumps magic wand is broken.

  • @JetSkiBuyFixPlaySellChannel

    @JetSkiBuyFixPlaySellChannel

    5 жыл бұрын

    Just ask Stormy Daniels. It only works for a couple minutes.

  • @Sonyag1
    @Sonyag15 жыл бұрын

    People in the Rust Belt need to love their paychecks more than they hate Latino migrants.

  • @MAGAisacult

    @MAGAisacult

    5 жыл бұрын

    Dumb, uneducated, easily manipulated, easily conned, uninformed cult members.

  • @Alex-xg8py
    @Alex-xg8py5 жыл бұрын

    Is it coincidence after GM lost $1 Billion after the recent tariffs on Steel? BUT I will say that GM's notification for the layoffs could've been handled better for the workers....

  • @terridd6265

    @terridd6265

    5 жыл бұрын

    Gotta keep those billions of dollars coming in after all, not for the workers of course, but the wealthy CEOs and top brass! Way to create jobs, keep U.S. jobs, etc....

  • @rich2583

    @rich2583

    5 жыл бұрын

    The tariffs did not bring this company down. They were having problems years before any tariffs were ever even a thought. Obama never should have bailed them out.

  • @artcurious807

    @artcurious807

    5 жыл бұрын

    Mary Barra is your typical wannabe female CEO, she’s trying to show that she’s just like the other cut throat psychopaths by laying people off right before Christmas. You cannot tell me that GM couldn’t have waited just 2 more months to make this announcement.

  • @LouisVictor767

    @LouisVictor767

    5 жыл бұрын

    Alex T They are making their new SUVs like the blazer in Mexico instead of employing these workers for that. It’s corporate greed plain and simple. And the media is like a PR team for them.

  • @casualsuede

    @casualsuede

    5 жыл бұрын

    @@terridd6265 GM isn't a charity, so stop speaking as if they were. It is not GM'S job to create and keep US jobs, it is their job to make a profit for their Shareholders. Did we suddenly lose our understanding of a what a capitalist economic model is?

  • @DaneReidVoiceOver
    @DaneReidVoiceOver5 жыл бұрын

    Business is cut throat. But this story is right. People need to retrain

  • @smarterthanu6507
    @smarterthanu65075 жыл бұрын

    As an American and Democrat from California, I will stand behind those States that voted for Donald Trump. I would say this to GM, "If you call this a restructuring as a means of GM moving into the future, then why not close those GM factories in Mexico or China". Why is it always, and only the American worker that has to pay for your restructuring by suffering the job loses?

  • @casualsuede

    @casualsuede

    5 жыл бұрын

    Why are you not asking of nike whose shoes you are wearing, or your gap shirt? Or the iPhone you are writing this post on? You are surprised that GM would rather keep a plant in Mexico or china? All your stuff comes from there...as well as India and Vietnam!

  • @itsmeanthony9704

    @itsmeanthony9704

    5 жыл бұрын

    Richard B. Leon, as a Republican, college educated and with a Majors in Political Science and a Bachelors in Economics, I must say that you’re in more financial turmoil than these people being layed off also you have no right to be acting as if your on a higher moral basis than a Republican, we are the Blue Collar Party, you’re the party of Ignorant Elitists.

  • @chigasaki06

    @chigasaki06

    5 жыл бұрын

    Umm, because American workers are more expensive. It's pretty simple. Why pay an American factory worker 30 bucks an hour, when you can pay a Mexican worker $3 an hour?

  • @MrAnimefox
    @MrAnimefox5 жыл бұрын

    That was a weird addition sign. But on a serious note, the Impala sales are actually going up so it doesn't make sense that GM is discontinuing a car that is making them money

  • @doomtomb3
    @doomtomb35 жыл бұрын

    I told you. Honda, Toyota, Hyundai, Kia, BMW, Mercedes, Volkswagen have taken the sedan market away from GM

  • @user-cw2py6wh8l
    @user-cw2py6wh8l5 жыл бұрын

    Car sales for GM and Ford are down because they build crappy cars. Tesla sells more car than SUV. When I'm driving on the road, I see more car than SUV.

  • @casualsuede

    @casualsuede

    5 жыл бұрын

    Tesla has 2.08% marketshare, don't use tesla as an example of the US car market, cause it's misleading. Ford has dumped their cars, fca has dropped alot of their cars. The Honda accord is not selling nor is the camry, meanwhile sales of light trucks, cuv's and suv's are up at nearly all automakers

  • @user-cw2py6wh8l

    @user-cw2py6wh8l

    5 жыл бұрын

    @@casualsuede If you believe cars are not selling, you got to be joking.

  • @t.m.b83
    @t.m.b835 жыл бұрын

    Robot cars cost money, so when you lay off working people, whose going to buy the expensive robot car???

  • @787brx8
    @787brx85 жыл бұрын

    I was A freelance designer and have worked with GM in the past but I will not work with in the future. Too busy designing vehicles for their competitors.

  • @rodmcdonald4707
    @rodmcdonald47075 жыл бұрын

    G. M. is more concerned about shareholder profits then building great cars.

  • @agent9809
    @agent98095 жыл бұрын

    Rule number one you listen to your American customers then you do what your customer demands in the market place !

  • @craigd7808
    @craigd78085 жыл бұрын

    GM is turning off American buyers.

  • @Kpelz
    @Kpelz5 жыл бұрын

    I think they lost that magic wand now

  • @fartstradingacademy491
    @fartstradingacademy4915 жыл бұрын

    I still see a ton of sedans here. I see many Camry's, Corollas, Civic's and Elantras. These are newer models too like 2015+

  • @LouisVictor767
    @LouisVictor7675 жыл бұрын

    Wall Street loves it, seems like they always do when people are losing their jobs at a company that’s already making billions! The greed is insane! And their making the new SUVs like the blazer in Mexico so why don’t you mention that??

  • @eddiegardner8232
    @eddiegardner82325 жыл бұрын

    I have a suggestion. Like they did with the Nummi plant in Fremont California, sell the Lordstown plant to Elon Musk and Tesla to assemble the actual "cars of the future". They can't make Model 3s fast enough in Fremont, even though they are NOT SUVs and have no problem selling them directly to consumers. They need a plant to assemble Model Ys next year, their downsized actual new SUV, and Lordstown has the floor space, the nearby parts suppliers, and a workforce that already knows how to efficiently crank out cars that have to sell at low margins by the hundreds of thousands. Hey Mary, call Elon, and make him a deal and put some cash in your bank account to fund YOUR venture into electric cars.

  • @altluigi5733
    @altluigi57335 жыл бұрын

    To: GM all you have to do is, " make a better products " Nothing more , nothing less .

  • @01Astek
    @01Astek5 жыл бұрын

    Its sad that big companies can get bailed out, but in 2008 the bank didnt wanted to readjust the loan or work something else with me and l got Evicted, Me and millions of people too. that created another big problem of homeless People, so sad is happening again.

  • @geoffdearth7360
    @geoffdearth73605 жыл бұрын

    The next person who says "autonomous cars" should be slapped with a rotten carp.

  • @markbrown5117
    @markbrown51175 жыл бұрын

    Autonomous cars are Bu##cra&&. They (driverless cars) will never fly. How can a car like this predict human behavior such as jaywalking. The executives have their heads in the a$$es.

  • @TaylorMMontgomery
    @TaylorMMontgomery5 жыл бұрын

    GM was given millions to make their cars better, and they still weren't able to do it.

  • @eldoc6394
    @eldoc63945 жыл бұрын

    Just imagine when gas goes up now everybody wants small cars

  • @SteelRhinoXpress
    @SteelRhinoXpress5 жыл бұрын

    That's bs tarifs or not gm was going to close those plants regardless due to slow car sales.

  • @darthvader5300
    @darthvader53005 жыл бұрын

    The Trump Administration must demand that all the bailout money and subsidy money given to GM must be given back to the U.S Government for destroying a long term agreement. And that the money should be used to pay the laidoff workers as part of their compensation severance package and that GM should also pay a fine of annually compensating all laidoff workers to match that of any Government unemployment checks given to these workers.

  • @greatmaster218
    @greatmaster2185 жыл бұрын

    A company makes cheap junk vehicles. What could you expect from people that can realise that?Will they buy it,or buy it a second time?

  • @josephc4229
    @josephc42295 жыл бұрын

    Once gas prices rise there will be a shift back to sedans from SUVs

  • @yl003760
    @yl0037605 жыл бұрын

    A 2018 GM car looks like from the 1990s. GM should fire their 60 year old designers and hire some young talents. GM cars look so old.

  • @ajaxa9

    @ajaxa9

    5 жыл бұрын

    That would contradict their motto: "When uglier cars are built, GM will build them."

  • @shatheed3350
    @shatheed33505 жыл бұрын

    They only killed the volt because of the labor rates.

  • @leonelbrava2738
    @leonelbrava27385 жыл бұрын

    They need to layoff combustion engine workers to hire EV workers. Sounds good to me. Better for the environment

  • @keithbell9348

    @keithbell9348

    5 жыл бұрын

    They have the capacity to retrain those workers to build EV workers. I know because I was one of them. GM's EV-1 platform was at a plant I once worked in. I transferred from the assembly line building Chevy's and Pontiacs to building an Electric Vehicle back in the 90's. In my opinion they should have just put those plants on idle, while retooling them for future builds for the Electric vehicles. They are going to have provisions in place where the workers can transfer to other plants if they choose to do so. Still lousy, but it's better than just shutting down the plants for good.

  • @MAGAisacult

    @MAGAisacult

    5 жыл бұрын

    Trump is threatening to remove mfg electric/alt tax incentives, he has no clue.

  • @toledojeeper2932

    @toledojeeper2932

    5 жыл бұрын

    @@MAGAisacult ..the tax credit is ending soon anyways , they are talking about extending it but doubt it will pass .

  • @Patchuchan

    @Patchuchan

    5 жыл бұрын

    Wrong there is no need to lay off the old workers and hire new ones as 90% of EV construction is the exact same as gasoline vehicle construction. Body panels,suspension,interior parts , most of the electrical etc remain unchanged and installing an electric drive train is is more or less the same procedure as installing a gasoline engine. The changes for an EV would not be much more involved than going from making an Impala to making a Silverado.

  • @casualsuede

    @casualsuede

    5 жыл бұрын

    @@Patchuchan that may be true, but the us and GM in particular, has too much production capability right now. Maybe tesla will buy out one of these plants.

  • @scootergreen3
    @scootergreen35 жыл бұрын

    This women is nuts. Not re-skill workers. GM's quality went down. People didn't like the quality or the poorly designed vehicles and they didn't last long. That is what is wrong and is the root of the problem. GM experiments with poor decisions instead of listening to the customers at our expense. This is what happened to Oldsmobile. Her salary is $21.96 Million.

  • @MrArtist7777
    @MrArtist77775 жыл бұрын

    Meanwhile, Tesla is rapidly hiring for their electric car manufacturing, solar panel manufacturing and battery storage design and manufacturing, all with skyrocketing sales. GM's making the right move and all auto mfc's need to watch and learn quick to start making EV's, they are our future. I just bought an EV and love it!

  • @philiphoward1731
    @philiphoward17315 жыл бұрын

    GM quit building beautiful cars About 40 years ago they used to hang out 50% of the market share in America started cutting corners all the cars look exactly the lake you can tell the difference between a Pontiac Buick Chevrolet or Cadillac or Oldsmobile they all look exactly the lights and they were all ugly they were not well-made so General Motors need somebody with some brains not that dumb lady who’s in charge and the need to make big beautiful cars again with where wheel drive and V-8 engines and this loyal production continue in America

  • @alia7750
    @alia77505 жыл бұрын

    Honda and Toyota the GOATS.

  • @MAGAisacult

    @MAGAisacult

    5 жыл бұрын

    Good cars, Hyundai and Kia also.

  • @patrickboyd3364

    @patrickboyd3364

    5 жыл бұрын

    For sure.

  • @MrPlanetFace
    @MrPlanetFace5 жыл бұрын

    GM was going down anyways, might as well give them a push on their way down.

  • @aaron___6014
    @aaron___60145 жыл бұрын

    Should have kept the EV1.

  • @MsDayPlanner
    @MsDayPlanner5 жыл бұрын

    Was it just me or was this reporter smiling as she shares this devastating news? And is this tidbit a surprise? ["Oct 10, 2018 · General Motors appointed Jami Miscik, a former CIA deputy director ... said GM Chairman and CEO Mary Barra in a news release."] GM just carpet bombed middle America, we're in a war. (Not my quote, heard on another video but when I looked it up...she was right]

  • @gregcoste5332
    @gregcoste53325 жыл бұрын

    Kelo vs City of New London 2005 .. Sorry GM, no soup for you! .. NEXT! .. Tesla, Ford, VW, etc.. soup for you!

  • @justynsuratt2931
    @justynsuratt29315 жыл бұрын

    This seems all to familiar....2008... only time will tell I guess.

  • @bramblebop1904
    @bramblebop19045 жыл бұрын

    Coders will be exported too! Big deal... A billion h1bs from Mumbai.

  • @edimilner1
    @edimilner15 жыл бұрын

    So is Telsa (Musk) an idiot now? Is Chrysler next? Ford?

  • @rodmcdonald4707
    @rodmcdonald47075 жыл бұрын

    14,000 less new car buyers.

  • @ajaxa9

    @ajaxa9

    5 жыл бұрын

    Try 150,000. Nine support workers for each factory hire.

  • @clinteastwood9115
    @clinteastwood91155 жыл бұрын

    GM will never be what they use to be!

  • @tT-hw8yu
    @tT-hw8yu5 жыл бұрын

    Id this why the xt4 is here?

  • @derikbagley2416
    @derikbagley24165 жыл бұрын

    SD end of the world as we know it

  • @ronr6951
    @ronr69515 жыл бұрын

    This scumbag company should have given a year notice. (they knew by then) but they knew some of their labor force would leave early. Companies never put the employee first. Profits over people

  • @nessarayne8178
    @nessarayne81785 жыл бұрын

    When looking to the future it will be essential to learn hands on skills that is provided in engineering. You want to compete in an growing America than learn your mathematics, physics, and coding. The workers of today need to adjust the way that they think or they're going to get left behind in both jobs and innovation. You may think that it is not fair but in the case that you can remain subjective than you will realize that this is only Darwinism.We are just entering a different arena.

  • @philipleonardo798
    @philipleonardo7985 жыл бұрын

    Too much focus on profits will destroy GM...now SUV lol

  • @bryanlittle5280
    @bryanlittle52805 жыл бұрын

    I understand to restructure...but all us plants

  • @allen6924
    @allen69245 жыл бұрын

    Good for them, that's what you get for not understanding what the economic state of your company or industry is... Bet you wish you'd paid attention in that critical thinking class now. America is not creating the workers capable of this vital component in decision making. Too much emphasis on "Pavlovian" reactions to information. Sort of the same reasons European countries regressed into the "dark ages" after the fall of the Roman empire. After a number of years, how to keep indoor plumbing repaired was forgotten, till the Arabs came across the Mediterranean into Europe on a reverse "crusade" and taught them again. That's why jobs in manufacturing are going out. You can't work cheaper than a "third world country"; therefore, comparing savings, to a companies bottom line is child's play. They were lucky to have the jobs they had, and should have known the clock was ticking.

  • @Mikefrom843
    @Mikefrom8435 жыл бұрын

    Its sad that these host seem to have no sorrow for the people that are gonna lose their jobs. Its not just a job either, some of the workers are making $30 an hour. GM is full of garbage and thats why they are left behind. Remember being the world biggest car manufacturer doesn't mean people are gonna buy ya piece of crap cars. Oh and meanwhile.....am i the only one to see the CEO dressed all sharp, as we see this big layoff happening....anyway god be with the people who are affected by this. I am a stock investor as many other people are....but its how and when you do things in the company that affects your workforce

  • @thegoat0611
    @thegoat06115 жыл бұрын

    They want too much for junk

  • @ivanlaws622
    @ivanlaws6225 жыл бұрын

    Uhha yep Ok maybe, will see. GM has no Follow through.

  • @biancaramirez5788
    @biancaramirez57885 жыл бұрын

    Feel bad for the jobs getting cut but hope GM fails altogether and disappears into the pages of history.

  • @adriancooper78
    @adriancooper785 жыл бұрын

    GM is behind the curve on this one. They laughed at Tesla. Now the entire auto industry is playing catch up. As a car enthusiast, I'm sad to see the Cadillac CT6 go.....sigh.....That's such a nice car....and very competitive too. I can't believe these news anchors don't have a clue about how the auto industry has changed. This is a video I saw 2 years ago....... This is where I knew that Autonomous vehicles were well on their way!!!! This is something very interesting!!! Watch "Mercedes Self Driving Bus Official Commercial Mercedes Future Bus 2016 Autonomous Bus CARJAM TV" on KZread kzread.info/dash/bejne/mIWhsdKxddnWpqw.html

  • @bruintoo
    @bruintoo5 жыл бұрын

    GM after receiving Trump's corporate tax breaks last year, fires employees and closes plants. Nice!

  • @grabir01
    @grabir015 жыл бұрын

    GM junk.

  • @terridd6265

    @terridd6265

    5 жыл бұрын

    Exactly! I have never bought one myself, because my dad had 2 and they were constantly breaking down, so no thanks!

  • @RobimusPrime

    @RobimusPrime

    5 жыл бұрын

    Same thing happened to us. Back late 70’s and early 80’s my dad support GM. My dad finally when Japanese rarely breaks down. Better design, too

  • @RameshKumar-mw3dv
    @RameshKumar-mw3dv5 жыл бұрын

    Just because GM is not selling Sedans doesn't mean people aren't buying it. Honda sells Accord, Civic, City. Toyota sells Camry and Corolla, Nissan with Altima and Maxima. VW with Passat. The difference is that these cars are good and all GM cars are pathetic. How will anyone trust GM to make good self driving cars when they failed to make proper regular cars?

  • @cooltu2000
    @cooltu20005 жыл бұрын

    Being inside a self-driving car GM is to commit suicide

  • @davidcasner8873
    @davidcasner88735 жыл бұрын

    Close the border. GM will need to get its parts from somewhere.

  • @greggnarcisse8479
    @greggnarcisse84795 жыл бұрын

    Where you're magic wand now Trump? GM will still be closing plants .

  • @ThomasJamesArt251
    @ThomasJamesArt2515 жыл бұрын

    more bull-crap than I need to hear

  • @carlkelly9740
    @carlkelly97405 жыл бұрын

    Y'all burnt!!😑

  • @davidjohnson3635
    @davidjohnson36355 жыл бұрын

    Maybe if we stopped bringing in foreign vehicular with 0 tariff. While Europe and Asian countries charge as much as 25 percent tariff on US made vehicles.

  • @ellengran6814

    @ellengran6814

    5 жыл бұрын

    And maybe we europeans (I am norwegian) should increase tariff on US vehiculars (today 10 %) because of US 25 % tariff on trucks ?

  • @ianmuir3640

    @ianmuir3640

    5 жыл бұрын

    Doesn't Mercedes VW Honda Toyota have plants in the USA maybe they should move back to Europe at least people will know the cars are being built properly?

  • @clinteastwood9115
    @clinteastwood91155 жыл бұрын

    Time to help the Mexicans out they need money for the wall !

  • @ryanstucke7811
    @ryanstucke78115 жыл бұрын

    I hate SUVs i will miss sedans if they go away

  • @clinteastwood9115

    @clinteastwood9115

    5 жыл бұрын

    Sedans aren't going away. GM just dont know how to build them!

  • @romanhevko7563
    @romanhevko75635 жыл бұрын

    lol people are broke...thts why they not buying cars...

  • @paulmcnabb7273
    @paulmcnabb72735 жыл бұрын

    This won't affect California. Good luck Trump states. Hope you have health insurance.

  • @ronr6951

    @ronr6951

    5 жыл бұрын

    You are 49th in education, have no water, have a huge homeless problem, horrid housing market and is on fire. Yeah sounds like you are doing fine. And now Californians are flooding my state of Texas. I wonder why that is?

  • @jshepard152

    @jshepard152

    5 жыл бұрын

    Ron R Snap!

  • @andrewmills3845

    @andrewmills3845

    5 жыл бұрын

    No ones moving to Texas, bro. That's called immigration. 😂

  • @sebass2486

    @sebass2486

    5 жыл бұрын

    lmao yup number 4 in the world@@ronr6951

  • @UrielX1212

    @UrielX1212

    5 жыл бұрын

    Californians are moving out of the state in droves and like a cancerous growth, they spread their idiotic political ideologies. Thanks for destroying Oregon, Washington, Colorado and soon Texas.

  • @kuldeepsinghsaini3842
    @kuldeepsinghsaini38425 жыл бұрын

    So, I guess trump was not responsible for it.

  • @wesleyrodgers886

    @wesleyrodgers886

    5 жыл бұрын

    Tarrifs just made it worse. Salt in the wound.

  • @rich2583

    @rich2583

    5 жыл бұрын

    @@wesleyrodgers886 no he didn't. These problems existed long before trump. When. GM was bailed out, they Essentially kicked the can down the road, postponing the problem for someone else to deal with.

  • @sfjay777

    @sfjay777

    5 жыл бұрын

    Kuldeep Singh Saini Of course it isn’t Trump fault. Why would he be responsible? What a ridiculous comment for the sake of saying something bad about the PRESIDENT OF THE USA, Mr. Kuldeep Singh Saini. More respect dude!

  • @kuldeepsinghsaini3842

    @kuldeepsinghsaini3842

    5 жыл бұрын

    J Wolf its just my opinion. And I respect president because its the most toughest job and on a personal note I admire Trump attitude to never give up and to fight for what you believe.

  • @billhanna8838
    @billhanna88385 жыл бұрын

    Let's face it Zio money in GM , All part of the agenda , Mexican laughing all the way to the bank - China smiling.

  • @michaelbates2035
    @michaelbates20355 жыл бұрын

    Blame people who buy car's that send there profits to there country asFar as Trump is concerned he is not worrying about only one of four plants he is looking at one plant the one in Ohio gee think 2020 the one who wins Ohio wins the election it's been like this for over 60 in presidential elections don't but Trump's snow job

  • @lucian5304
    @lucian53045 жыл бұрын

    awwwww poor union workers won't be able to sweet the floors anymore for 45 an hour..I have no sympathy for these auto workers I worked in the union for a couple years couldn't do it anymore..I couldn't handle the lazy workers complaining about their above average wages and benifets ..I worked with a guy that got caught sleeping in the job..well he was threatened to be written up..what does this guy do ..goes to a Dr and gets a note ...a friggin sleep note..I seen it all there was a.woman who made over 100.000 dollars in a year just by sweeping and cleaning up the bathrooms..double time...triple time u name it..they got it

  • @TarunKumar-uo5gn
    @TarunKumar-uo5gn5 жыл бұрын

    Thats capitalism for you folks.

  • @bryanlittle5280
    @bryanlittle52805 жыл бұрын

    Ford is next

  • @JorgePerez-rb1he

    @JorgePerez-rb1he

    5 жыл бұрын

    Bryan Little ford is already stoping all productions on small cars except mustang , sad they can’t compete with Toyota and Honda there sedans are selling like a hot pizza

  • @elliotfontana8411
    @elliotfontana84115 жыл бұрын

    Dont blame the President. Blame GM..

  • @VinceroAlpha

    @VinceroAlpha

    5 жыл бұрын

    Well seeing as how he said he would bring back jobs to those specific cities, yes, i think i will partially blame him.

  • @glershnern5300

    @glershnern5300

    5 жыл бұрын

    The president isn't being blamed. He's bringing up an issue that past presidents never brought up. Trump is only concerned about GM jobs because his Presidentsy was based off of... Bringing back factory jobs A wall Fixing healthcare He's a failure

  • @glershnern5300

    @glershnern5300

    5 жыл бұрын

    GM knew the prophesy was foretold about the Antichrysler

  • @_BrandonCross

    @_BrandonCross

    5 жыл бұрын

    doesn't help the tariffs are gonna cost GM alone a billion dollars.

  • @andrewmills3845

    @andrewmills3845

    5 жыл бұрын

    @@_BrandonCross we can blame the president for that one though 😂