I have to wonder if the timing of this announcement isn't a coincidence, given the relevance to Trump's platform, and Ohio and Michigan being swing states...
It will be interesting to see Trump attempt to follow through on his promise to eliminate NAFTA and slap tariffs on imported goods. Somehow I doubt he will have a lot of support from congress on that goal, as pretty much every senator and representative is in the pockets of big multinationals who have already moved their manufacturing overseas or to Mexico.<p>This is one area he really can't ignore. A lot of people voted for him because he promised to bring their jobs back and they're very keen on seeing manufacturing return to the US.
Two long term trends:
automation
car sharing/hiring<p>Both mean that in the case of autos, Trump won't be able to bring manufacturing home in terms of jobs.
People are buying more trucks and SUVs and fewer small cars?<p>I mean, I get that people are climate change deniers, but there is no need to be rude about it.
India actually uses a rather simple strategy to keep car jobs. We simply tax all car imports at 100%. Full car kit imports that need to be assembled in India are taxed at a lower rate and companies that manufacture and setup local supply chains get tax concessions. Guess how global car manufacturers respond.<p>In a labor heavy supply chain like car manufacturing, it still boggles my mind why major consumer markets like the US would allow easy car imports at all.
This news is obviously important and shows a key trend in the vehicle industry but dailymail is utter garbage as a news source and in no way trustworthy for facts.<p>Would recommend truth seekers visit one of the following:<p><a href="http://fortune.com/2016/11/09/general-motors-layoffs-ohio-michigan/" rel="nofollow">http://fortune.com/2016/11/09/general-motors-layoffs-ohio-mi...</a><p>or<p><a href="http://www.reuters.com/article/us-generalmotors-layoffs-idUSKBN13431E" rel="nofollow">http://www.reuters.com/article/us-generalmotors-layoffs-idUS...</a>