Tags: kudlow | trump | gm | barra

Kudlow: Trump 'Very Cross' With GM's Barra Over Layoffs

american flags outside gm general motors building
(Brad Calkins/Dreamstime)

Tuesday, 27 November 2018 01:39 PM EST

Donald Trump’s top economic adviser said he had conveyed to General Motors Co. Chief Executive Mary Barra the president’s anger over her plans to close U.S. factories and lay off thousands of workers.

“The president is very cross with her and of course I transmitted that,” National Economic Council director Larry Kudlow told reporters on Tuesday. “Tragically, they are going to lay off a whole bunch of workers.”

The GM chief executive met with Kudlow at the White House on Monday shortly after announcing plans to shutter five factories in the U.S. and Canada and lay off about 14,000 employees.

The meeting had been scheduled in advance, the White House said. Investors cheered the news, sending GM shares higher, but in Washington there was bipartisan anger that the company is trimming its workforce in the midst of an economic expansion.

Trump said Monday that he had spoken to Barra personally and told her to replace production at a politically sensitive Ohio factory instead of closing the facility.

Meanwhile, Trump said he may try to eliminate electric car subsidies for GM.

Trump has repeatedly expressed anger over GM’s plan to close five North American factories and since Barra announced the layoffs on Monday.

“There’s great disappointment that it seems like GM would rather build its electric cars in China rather than the United States,” Kudlow said, just before Trump’s tweets. “We are going to be looking at certain subsidies regarding electric cars and others and whether they should apply or not. Can’t say anything final about that, but we’re looking into it.”

Currently, consumers who purchase a fully-electric vehicle are eligible for a $7,500 federal tax credit. The credit begins to phase-out after an automaker sells 200,000 eligible vehicles, such as the Chevrolet Bolt electric car.

Tesla Inc. has already reached the cap and GM is expected to be next. Both companies have lobbied in Washington for an extension.

Some members of Congress have proposed raising the cap or otherwise extending the credit, including Senate Finance Chairman Orrin Hatch, a Utah Republican, and Senator Dean Heller of Nevada, where Tesla operates a large battery factory. Heller, a Republican, lost his re-election bid this month to Democrat Jacky Rosen.

© Copyright 2026 Bloomberg News. All rights reserved.


StreetTalk
Donald Trump's top economic adviser said he had conveyed to General Motors Co. Chief Executive Mary Barra the president's anger over her plans to close U.S. factories and lay off thousands of workers.
kudlow, trump, gm, barra
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2018-39-27
Tuesday, 27 November 2018 01:39 PM
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