The bristol press – gm says layoffs will boost its bottom line, it is more complicated 3 gases that cause global warming


It comes down to cash. Consumer preferences have changed in recent years, with Americans increasingly opting for larger sports utility vehicles and vans over smaller sedans and coupes. electricity related words Larger vehicles command higher prices, even though they don’t cost much more to build. Automakers know this and are keen to cash in by ditching production of slow-selling smaller vehicles and switching to their larger and more lucrative counterparts.

For GM, the switch could free up some $6 billion in cash at a time when the company’s losses are piling up. Despite hauling in over $12 billion in pretax profits in 2017, GM was the only Detroit car company to post a net loss – nearly $4 billion. That came on the heels of a $20 billion write-off from its European operation, which it has since sold. GM – like its competitors – also confronts generally waning demand for new vehicles as Americans hold onto old vehicles longer.

Fast and furious. electricity vancouver wa Democratic Sen. Sherrod Brown called GM’s decision “corporate greed at its worst.” His Republican counterpart Rob Portman followed suit, saying he was “deeply frustrated” with the automaker. gsa 2016 pay scale Both represent Ohio, which is home to one of the plants slated for closure. Politicians from other states affected – Maryland and Michigan – have voiced similar sentiments.

On Twitter, Canadian Prime Minister Justin Trudeau called GM’s move a “deep disappointment.” More than 2,500 Canadian workers could lose their jobs as a result of the layoffs. Unifor – Canada’s largest private-sector trade union – was less diplomatic than Trudeau. gas efficient suv 2015 After meeting with the prime minister, Unifor chief Jerry Dias said, “If you’re going to have a company that’s going to show us their middle finger, then I think our government should show them their middle finger as well.”

And then there’s President Donald Trump. After GM’s announcement, Trump said he told Barra, “You better get back in there soon,” and he subsequently tweeted, “The U.S. saved General Motors, and this is the THANKS we get!” Trump’s reaction is both understandable and surprising. m power electricity During the 2016 campaign, then-candidate Trump said he would be, “the greatest jobs president God ever created.” Once he took office, he explicitly cautioned locals near one of GM’s manufacturing plants against selling their homes because the jobs would all come back. GM’s move challenges that narrative. But the president also backed tariffs on imported steel and aluminum – important raw materials in auto manufacturing. Those tariffs are said to have cost GM more than $1 billion. The company had warned that tariffs could “lead to a smaller GM, a reduced presence at home and abroad for this iconic American company, (resulting in fewer) – not more – U.S. jobs.”

Autonomous vehicles pose challenges of their own. electricity in india voltage GM has invested billions of dollars in the technology. b games virus Another obstacle facing autonomous vehicles is that Congress has not been able to pass legislation regulating use of the technology. A House bill that easily passed last year has yet to get floor time in the Senate. Some lawmakers are concerned that the bill “indefinitely pre-empts state and local safety regulations even if federal safety standards are never developed.”