Tags: Exclusive Interviews | Financial Markets | Newsmax TV | gm | automaker | tariffs | layoffs

Michael Reagan to Newsmax TV: GM Too Bottom Line Focused

(Newsmax TV's "Newsmax Now")

By    |   Wednesday, 28 November 2018 08:07 PM

The mistake General Motors made was focusing more on its bottom line rather than the future, political commentator Michael Reagan told Newsmax TV.

During an appearance on Wednesday's "Newsmax Now," Reagan was asked about this week's news GM will close several plants in the United States and Canada, which will cost more than 14,000 jobs.

"You gotta change with the times, and if you don't, you're gonna get passed by so many others," Reagan said. "And you're right about Tesla and other manufacturers coming into play. GM was living off of America, living off what they were getting from us, the billions of dollars to save them. And instead of looking forward, they were looking at the bank account."

Important: Newsmax TV is available on DirecTV Ch. 349, U-Verse 1220, DISH 216, and FiOS 615. If your cable operator does not have Newsmax TV just call and ask them to put us on – Call toll-free 1-844-500-6397 and we will connect you right away to your cable operator!

For more places to Find Newsmax TV – Click Here Now

President Donald Trump has threatened to take action over GM's decision, which could include imposing tariffs on car imports and ending subsidies for GM's electric cars.

© 2019 Newsmax. All rights reserved.

   
1Like our page
2Share
Newsmax-Tv
General Motors focused more on its bottom line rather than the future, a costly mistake, according to political commentator Michael Reagan on Newsmax TV.
gm, automaker, tariffs, layoffs, business
207
2018-07-28
Wednesday, 28 November 2018 08:07 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved